Ariel Property Advisors Facilitates $8.5M Sale Of Multifamily Asset In Manhattan Valley
SOLD
$8,500,000
+ 1
New York
See Similar DealsMultiFamily31,596 SF
Sold 04/27/2022
SOLD
Ariel Property Advisors Facilitates $8.5M Sale Of Multifamily Asset In Manhattan Valley
350 West 110th Street
See Similar DealsMultiFamily31,596 SF
Sold 04/27/2022
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$269
Total Square Footage:31,596 SF
Transaction Type:Sale
The multifamily property located at 350 West 110th Street in Manhattan Valley, Manhattan has been sold for $8,500,000. It consists of 36 units with an average price per unit of $236,111. The total square footage of the property is 31,596, resulting in a price per square foot of $269.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,500,000
- Units: 36
- Average Price per Unit: $236,111
- Square Footage: 31,596
- Price per Square Foot: $269
- Address: 350 West 110th Street
- Market: Manhattan Valley, Manhattan
The sale of this property was facilitated by Victor Sozio, Shimon Shkury, Matthew Gillis, and Evan Hirsch from Ariel Property Advisors. Their expertise and representation played a crucial role in the successful completion of the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$453,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,198.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,294.34
Annual Debt Service$483,532.04
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