$5M Hamilton Heights Multifamily Sale At 532 West 152nd Street - Ariel Property Advisors
SOLD
New York
See Similar DealsMultiFamily14,029 SF
Sold 04/11/2022
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 DealsMultiFamily14,029 SF
Sold 04/11/2022
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.
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Deal Type
30 years
10 years
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
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