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462 W 141st St, New York, N...

Seth Weissman Of Urban Standard Capital Acquires Hamilton Heights Multifamily For $1.25M
SOLDMultiFamily

Seth Weissman Of Urban Standard Capital Acquires Hamilton Heights Multifamily For $1.25M

462 W 141st St, New York, NY 10031, USA

$1,250,000

$265/SF

Building Size

4,706 SF

Asset Type

MultiFamily

Closing

Apr 22, 2020

AI

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.

Players

Kyle Katz

Investment Property Realty Group (IPRG)

Broker

$10.6M

vol

3 deals

Broker
Seth Weissman

Seth Weissman

Urban Standard Capital

Buyer

$590.5M

vol

56 deals

Buyer

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

12.69%

Cash-on-Cash

-3.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93