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532 West 152nd Street, New ...

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

$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

$5,000,000

$356/SF

Building Size

14,029 SF

Asset Type

MultiFamily

Closing

Apr 10, 2022

AI

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

Ariel Property Advisors

Broker

$2.3B

vol

111 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

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93