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312 East 119th Street

Updated Dec 4, 2024

Tapua Darlington Tunduwanii Acquires East Harlem Multifamily From Enercida Guerrero For $1.9M
SOLDMultiFamily

Tapua Darlington Tunduwanii Acquires East Harlem Multifamily From Enercida Guerrero For $1.9M

312 East 119th Street

$1,900,000

$251/SF

Building Size

3,780 SF

Asset Type

MultiFamily

Closing

Mar 18, 2024

About this deal

AI

The multifamily property located at 312 East 119th Street in East Harlem, Manhattan, was sold for $1,900,000. This property comprises 3 units with a total area of 3,780 square feet, equating to a price per unit of $633,333 and a price per square foot of $503.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,900,000
  • Units: 3
  • Square Footage: 3,780
  • Price per Unit: $633,333
  • Price per Square Foot: $503
  • Address: 312 East 119th Street
  • Market: East Harlem, Manhattan
  • Buyer: Tapua Darlington Tunduwanii
  • Seller: Enercida Guerrero
  • Brokers: Jeff Reyngach & Sonia Levinsky - Compass

The sale of this property was facilitated by brokers Jeff Reyngach and Sonia Levinsky from Compass. They mentioned that this property presents an excellent investment opportunity, especially considering the planned completion of the 2nd train line in the area within the next year.

Players

Jeff Reyngach

Compass

Broker

$14.2M

vol

6 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $251 per square foot on a published $1.9M for 7,560 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.35%

Cash-on-Cash

-2.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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