Updated Dec 20, 2023
Keith J. Devisser Acquires Multifamily Property In Harlem, Manhattan For $6.35M
32 Mt Morris Park West, New York City, New York 10027, United States
$6,350,000
$1,154/SF
Building Size
5,502 SF
Asset Type
MultiFamily
Closing
Apr 5, 2022
About this deal
AI
The property at 32 Mt Morris Park West in Harlem, Manhattan has been sold in a recent transaction.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,350,000
- Market: Harlem, Manhattan
- Zoning: R7-2
The buyer of the property is Keith J. Devisser, while the seller is Braden C Linard.
The property has a building square footage (BSF) of 8,228, which results in a price per BSF of $771. The total square footage (SF) is 5,502, and the price per SF is $1,154.
The FAR (Floor-Area Ratio) for the property is 2.30, and it falls under tax class 1.
The lot size of the property is 2,392, with the dimensions measuring 23.92 ft x 100 ft. The property's permits include an alteration 3 permit issued on 10/07/2009.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.50%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93