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512 West 151st Street, New ...

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

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

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

$6,100,000

$193/SF

Building Size

31,525 SF

Asset Type

MultiFamily

Closing

Feb 3, 2022

AI

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

Cignature Realty Associates

Broker

$507M

vol

13 deals

Broker

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

2.60%

Cash-on-Cash

-0.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93