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57 West 126th Street, New Y...

Damian Taylor Acquires Multifamily Property In Harlem For $1.975M
SOLDMultiFamily

Damian Taylor Acquires Multifamily Property In Harlem For $1.975M

57 West 126th Street, New York City, New York 10027, United States

$1,975,000

$590/SF

Building Size

3,343 SF

Asset Type

MultiFamily

Closing

Jun 27, 2022

AI

A multifamily property located at 57 W 126th St, New York in Harlem has been sold for a price of $1,975,000. The property consists of 3 units with a total square footage of 3,343. The price per unit is $658,333, and the price per square foot is $590. The transaction took place on 06/28/2022.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,975,000
  • Address: 57 W 126th St, New York
  • Market: Harlem
  • Units: 3
  • Price per Unit: $658,333
  • Square Footage: 3,343
  • Price per Square Foot: $590

The buyer of the property is Damian Taylor, and the seller is Keith Faulkner. The transaction was facilitated by Valon Nikci from Link NY Realty. Valon Nikci represents the seller as the broker in this deal. The broker's note states that their firm specializes in commercial and residential real estate, offering access to a wide range of properties including off-market, foreclosures, distressed properties, and properties with potential for value-added opportunities.

Players

Valon Nikci

Link NY Realty

Broker

$30.7M

vol

8 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

8.03%

Cash-on-Cash

-2.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93