Matthew Swadek Acquires Multifamily Property In Harlem For $2.125M
554 West 142nd Street, New York City, New York 10031, United States
$2,125,000
$467/SF
Building Size
4,543 SF
Asset Type
MultiFamily
Closing
Feb 1, 2022
AI
A multifamily property located at 554 West 142nd Street in Harlem has been sold for a price of $2,125,000. The property consists of 3 units with a total square footage of 4,543. The price per unit comes out to be $708,333, and the price per square foot is $467.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,125,000
- Address: 554 West 142nd Street, Harlem
- Buyer: Matthew Swadek
- Seller: Thomas Riddles
- Broker: Stanley Montfort - EXP Realty NYC
- Units: 3
- Price Per Unit: $708,333
- Square Footage: 4,543
- Price Per Square Foot: $467
The buyer of the property is Matthew Swadek, and the seller is Thomas Riddles. Stanley Montfort from EXP Realty NYC represented both parties in this transaction.
Players
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
7.46%
Cash-on-Cash
-2.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93