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Andrew Doppelt, Derek Greenbaum & Larry Zombek Acquire Multifamily Property In New York City

Property Image
SOLD
$3,100,000
+ 1

New York

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MultiFamily5,750 SF
Sold 04/18/2019
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Property Image
SOLD

Andrew Doppelt, Derek Greenbaum & Larry Zombek Acquire Multifamily Property In New York City

314 West 101st Street, New York, NY 10025, USA

See Similar Deals
MultiFamily5,750 SF
Sold 04/18/2019
+ 1
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$539
Total Square Footage:5,750 SF
Transaction Type:Sale

A multifamily property located at 314 W 101st St was recently sold for $3.1M. The property has a total square footage of 5,750 and a price per square foot of $539. The transaction took place on April 18, 2019, with a 5% capitalization rate.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3.1M
  • Address: 314 W 101st St
  • Square Footage: 5,750
  • Buyer: Andrew Doppelt, Derek Greenbaum & Larry Zombek
  • Seller: Estate of Nancy Rosenthal
  • Broker: Rami Polinsky - RPRE

Rami Polinsky of RPRE represented the buyer in this transaction. The seller in this deal was the Estate of Nancy Rosenthal. The buyer group consisted of Andrew Doppelt, Derek Greenbaum, and Larry Zombek. The capitalization rate of the property was 5%.

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Details

SOLD
IMAGE: Rami Polinsky, @DerekGreenbaum & Lawrence Zombek DATE: 04/18/2019 ADDRESS: 314 W 101st St ASSET TYPE: Multifamily BUYER: Andrew Doppelt, Derek Greenbaum & Larry Zombek SELLER: Estate of Nancy Rosenthal BROKER: Rami Polinsky - RPRE SALE PRICE: $3.1M CAP: 5% / SF: 5,750 / PPSF: $539

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98