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
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