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554 West 142nd Street, New ...

Matthew Swadek Acquires Multifamily Property In Harlem For $2.125M
SOLDMultiFamily

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

Stanley Montfort

Serhant

Broker

$13M

vol

5 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

7.46%

Cash-on-Cash

-2.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93