Updated Dec 21, 2023
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
About this deal
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.
On the Map
$2,125,000
$467/SF
MultiFamily
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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