Updated Oct 29, 2024
SGE Development LLC Acquires Vacant SRO Townhouse In Harlem For $1.33M
611 West 142nd Street, Manhattan, New York, NY, USA
$1,330,000
$461/SF
Building Size
2,880 SF
Asset Type
MultiFamily
Closing
Dec 11, 2017
About this deal
AI
The property involved in this transaction is a vacant single room occupancy (SRO) townhouse located at 611 West 142nd Street in Harlem, New York. The property has approved plans from the Department of Buildings for 8 units and comes with a certificate of non-harassment. It has a total square footage of 2,880, and the sale price was $1,330,000, resulting in a price per square foot of $461.
Summary of transaction details
- Property Type: Vacant SRO townhouse
- Transaction Amount: $1,330,000
- Address: 611 West 142nd Street
- City: New York
- Market: Harlem
- Seller: Levco Group LLC
- Buyer: SGE Development LLC
- Broker: ONE Commercial Realty Services - Josh Lipton & Andrew Levine
Levco Group LLC, the seller in this transaction, sold the property to SGE Development LLC. The deal was facilitated by ONE Commercial Realty Services, with Josh Lipton and Andrew Levine as the brokers representing the parties involved.
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
11.93%
Cash-on-Cash
-3.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93