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$5M Hamilton Heights Multifamily Sale At 532 West 152nd Street - Ariel Property Advisors

Property Image
SOLD
$5,000,000

New York

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MultiFamily14,029 SF
Sold 04/11/2022
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Property Image
SOLD

$5M Hamilton Heights Multifamily Sale At 532 West 152nd Street - Ariel Property Advisors

532 West 152nd Street, New York City, New York 10031, United States

See Similar Deals
MultiFamily14,029 SF
Sold 04/11/2022
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$356
Total Square Footage:14,029 SF
Transaction Type:Sale

Located in Hamilton Heights, Manhattan, a multifamily property at 532 West 152nd Street has been sold for $5,000,000. The property consists of 21 units, with a price per unit of $238,095. The total square footage of the property is 14,700, making the price per square foot $340.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $5,000,000
  • Units: 21
  • Price per Unit: $238,095
  • Square Footage: 14,700
  • Price per Square Foot: $340

Victor Sozio and James Nestor from Ariel Property Advisors represented the parties involved in the transaction as brokers.

Players

Victor Sozio
111 deals$2.3B volume
BROKER

James Nestor
Ariel Property Advisors
11 deals$49.1M volume
BROKER

Details

SOLD
IMAGE: Victor Sozio & James Nestor DATE: 04/11/2022 ADDRESS: 532 West 152nd Street MARKET: Hamilton Heights, Manhattan ASSET TYPE: Multifamily BROKERS: Victor Sozio & James Nestor - Ariel Property Advisors (@ArielPA.NYC) SALE PRICE: $5,000,000 UNITS: 21 ~ PPU: $238,095 SF: 14,700 ~ PPSF: $340

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

$266,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61