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Cignature Realty Associates Brokers Sell Hamilton Heights Multifamily For $6.1M

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SOLD
$6,100,000

New York

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MultiFamily31,525 SF
Sold 02/04/2022
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SOLD

Cignature Realty Associates Brokers Sell Hamilton Heights Multifamily For $6.1M

512 West 151st Street, New York City, New York 10031, United States

See Similar Deals
MultiFamily31,525 SF
Sold 02/04/2022
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$193
Total Square Footage:31,525 SF
Transaction Type:Sale

Located in Hamilton Heights, Manhattan, the multifamily property at 512 West 151st Street was recently sold for a price of $6,100,000. The sale was facilitated by Lazer Sternhell & Peter Vanderpool of Cignature Realty Associates. This transaction involved a total of 29 units, with a price per unit of $210,344. The property spans an area of 31,500 square feet, resulting in a price per square foot of $193.

Summary of Transaction Details:

  • Property Type: Multifamily
  • Transaction Amount: $6,100,000
  • Address: 512 West 151st Street
  • Market: Hamilton Heights, Manhattan
  • Brokers: Lazer Sternhell & Peter Vanderpool - Cignature Realty Associates
  • Units: 29
  • Price Per Unit: $210,344
  • Total Square Footage: 31,500
  • Price Per Square Foot: $193

Lazer Sternhell & Peter Vanderpool, representing Cignature Realty Associates, played a crucial role in successfully closing the deal for this multifamily property in Hamilton Heights. Their expertise and negotiation skills ensured a smooth transaction for the buyer and the seller. The sale of this property highlights the continuous demand for multifamily assets in the Manhattan market.

Players

Peter Vanderpool
13 deals$507M volume
BROKER

Lazer Sternhell
Cignature Realty Associates
11 deals$484.4M volume
BROKER

Details

SOLD
IMAGE: Lazer Sternhell & Peter Vanderpool DATE: 02/04/2022 ADDRESS: 512 West 151st Street MARKET: Hamilton Heights, Manhattan ASSET TYPE: Multifamily BROKERS: Lazer Sternhell & Peter Vanderpool - Cignature Realty Associates SALE PRICE: $6,100,000 UNITS: 29 ~ PPU: $210,344 SF: 31,500 ~ PPSF: $193

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$325,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,672.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,917.11
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