facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

611 West 112th Street, New ...

Updated Dec 21, 2023

Sharon Colburn Acquires Apartment In Morningside Heights, Manhattan From Mark Hersh For $25.7M
SOLDMultiFamily

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

Sharon Colburn

Buyer

$50.9M

vol

2 deals

Buyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Deal FAQ

About $703 per square foot on a published $25.7M for 36,560 square feet (2022).

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

More Deals

Nearby Markets