Seth Weissman Of Urban Standard Capital Acquires Hamilton Heights Multifamily For $1.25M
SOLD
$1,250,000
+ 1
New York
See Similar DealsMultiFamily4,706 SF
Sold 04/23/2020
SOLD
Seth Weissman Of Urban Standard Capital Acquires Hamilton Heights Multifamily For $1.25M
462 W 141st St, New York, NY 10031, USA
See Similar DealsMultiFamily4,706 SF
Sold 04/23/2020
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$265
Total Square Footage:4,706 SF
Transaction Type:Sale
A multifamily property located at 462 West 141st Street in Hamilton Heights has been sold for a total of $1,250,000. The property spans 4,706 square feet, resulting in a price per square foot of $265. It consists of eight units, with each unit being sold at an average price of $156,250.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Address: 462 West 141st Street
- Market: Hamilton Heights
- Square Footage: 4,706
- Price per Square Foot: $265
- Units: 8
- Price per Unit: $156,250
The seller of the property was Robert Grace, while the buyer was Seth Weissman from Urban Standard Capital. The deal was facilitated by brokers Steve Reynolds, Luke Sproviero, and Kyle Katz from Bestreich Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65
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