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50 East 119th Street, Manha...

Avi Dishi Acquires Walk-up Apartment In East Harlem For $5.5M
SOLDMultiFamily

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

Avi Dishi

Buyer

$255.5M

vol

8 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

2.88%

Cash-on-Cash

-0.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93