Matthew Swadek Acquires Multifamily Property In Harlem For $2.125M
SOLD
$2,125,000
New York
See Similar DealsMultiFamily4,543 SF
Sold 02/02/2022
SOLD
Matthew Swadek Acquires Multifamily Property In Harlem For $2.125M
554 West 142nd Street, New York City, New York 10031, United States
See Similar DealsMultiFamily4,543 SF
Sold 02/02/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$467
Total Square Footage:4,543 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$113,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,549.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,073.58
Annual Debt Service$120,883.01
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