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Damian Taylor Acquires Multifamily Property In Harlem For $1.975M

Property Image
SOLD
$1,975,000

New York

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MultiFamily3,343 SF
Sold 06/28/2022
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Property Image
SOLD

Damian Taylor Acquires Multifamily Property In Harlem For $1.975M

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

See Similar Deals
MultiFamily3,343 SF
Sold 06/28/2022
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$590
Total Square Footage:3,343 SF
Transaction Type:Sale

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

VN
Link NY Realty
Valon Nikci
8 deals$30.7M volume(646) 321-9428
BROKER

Details

SOLD
IMAGE: Valon Nikci DATE: 06/28/2022 ADDRESS: 57 W 126th St, New York MARKET: Harlem ASSET TYPE: Multifamily BUYER: Damian Taylor SELLER: Keith Faulkner BROKER: Valon Nikci (@TheValonNikci) - Link NY Realty (@LinkNYRealty) SALE PRICE: $1,975,000 UNITS: 3 ~ PPU: $658,333 SF: 3,343 ~ PPSF: $590 NOTE FROM BROKER: We have access to over 200,000.00 properties throughout NYC & Westchester County, including off market, foreclosures, distressed properties, add value, and off market properties. We are a boutique commercial and residential real estate firm.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$105,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,016.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,362.51
Annual Debt Service$112,350.09