Avi Dishi Acquires Walk-up Apartment In East Harlem For $5.5M
50 East 119th Street, Manhattan, New York, NY, USA
$5,500,000
$458/SF
Building Size
12,000 SF
Asset Type
MultiFamily
Closing
Jun 24, 2021
AI
A walk-up apartment building with stores located at 50 East 119th Street in East Harlem, Manhattan has been sold for $5,500,000. The property spans 12,000 square feet, resulting in a price per square foot of $458. The transaction took place on June 25, 2021. The previous sale of the property occurred on August 31, 2004, for a price of $850,000.
Summary of transaction details
- Property Type: Walk-up Apartment - Over Six Families with Stores (C7) ~ R7-2, C1-4
- Transaction Amount: $5,500,000
- Address: 50 East 119th Street, East Harlem, Manhattan
- Square Footage: 12,000
- Price per Square Foot: $458
- Last Sale Price: $850,000 (on August 31, 2004)
The buyer, Avi Dishi, and the seller, Avi Naveh, were the key individuals involved in the transaction.
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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93