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416 East 136th Street

Mariana De Souza Acquires Multifamily On East 136th St. For $1.15M
SOLDMultiFamily

Mariana De Souza Acquires Multifamily On East 136th St. For $1.15M

416 East 136th Street

$1,150,000

$547/SF

Building Size

2,100 SF

Asset Type

MultiFamily

Closing

Dec 5, 2022

AI

The property involved in this transaction is a multifamily asset located at 416 East 136th Street in New York City. The sale price for this property was $1,150,000, encompassing a total square footage of 2,100. The property comprises 2 units, resulting in a price per unit of $575,000 and a price per square foot of $548.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,150,000
  • Units: 2
  • Square Footage: 2,100
  • Price Per Unit: $575,000
  • Price Per Square Foot: $548
  • Buyer: Mariana De Souza
  • Seller: Kingsland Properties
  • Brokers: Sultan Rashid & Ali Rashid - Kingsland Properties
  • Date of Transaction: 12/05/2022

Mariana De Souza is the buyer of the property, while Kingsland Properties acted as the seller in this transaction. Sultan Rashid and Ali Rashid, representing Kingsland Properties, facilitated the deal between the buyer and the seller.

Players

Ali Rashid

KingslandProperties

Broker

$13.2M

vol

8 deals

Broker
Kingsland Properties
Kingsland PropertiesSeller

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

13.79%

Cash-on-Cash

-3.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93