Updated Dec 21, 2023
Sharon Colburn Acquires Apartment In Morningside Heights, Manhattan From Mark Hersh For $25.7M
611 West 112th Street, New York City, New York 10025, United States
$25,700,000
$703/SF
Building Size
36,560 SF
Asset Type
MultiFamily
Closing
Feb 6, 2022
About this deal
AI
The apartment located at 611 West 112 Street in Morningside Heights, Manhattan has been sold in a closed transaction. The buyer, Sharon Colburn, acquired the property from the seller, Mark Hersh, for a price of $25,700,000. The apartment has a building square footage of 36,560, resulting in a price per square foot of $702. The property falls under the R8 zoning classification and has a floor area ratio (FAR) of 4.14. It is categorized under tax class 4. The lot size measures 8,831 square feet with dimensions of 87.5 ft x 100.92 ft.
Summary of transaction details
- Property Type: Apartment
- Transaction Amount: $25,700,000
- Building Square Footage: 36,560
- Price per Square Foot: $702
- Buyer: Sharon Colburn
- Seller: Mark Hersh
- Zoning: R8
- Tax Class: 4
- Lot Size: 8,831 square feet
- Permits: Alteration (12/11/2020)
- Lot Dimension: 87.5 ft x 100.92 ft
In this transaction, Sharon Colburn, represented by her broker, purchased the apartment from Mark Hersh. The deal was finalized on 02/07/2022 in Morningside Heights, Manhattan. The property underwent an alteration permit on 12/11/2020.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Sharon Colburn to view all their deals.
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.62%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93