JTS Capital Group Acquires Multifamily Property In Harlem, Manhattan From Investors Bank For $7.9M
SOLD
$7,930,000
New York
See Similar DealsMultiFamily38,750 SF
Sold 09/13/2022
SOLD
JTS Capital Group Acquires Multifamily Property In Harlem, Manhattan From Investors Bank For $7.9M
605 West 137th Street, New York City, New York 10030, United States
See Similar DealsMultiFamily38,750 SF
Sold 09/13/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$204
Total Square Footage:38,750 SF
Transaction Type:Sale
The multifamily property located at 605 West 137th Street in Harlem, Manhattan has been sold for a total of $7,930,000. The property consists of 36 units, with an average price per unit of $220,277. The total square footage of the property is 38,750, resulting in a price per square foot of $204.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,930,000
- Address: 605 West 137th Street, Harlem, Manhattan
- Units: 36
- Price per Unit: $220,277
- Square Footage: 38,750
- Price per Square Foot: $204
The buyer in this transaction is JTS Capital Group, while Investors Bank is the seller. The deal was closed on September 13, 2022.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$422,933.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,173.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,592.25
Annual Debt Service$451,106.95
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