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69 East 125th Street

Doron Greenberg & Aviad Ohayon Acquire Multifamily In East Harlem For $28.2M
SOLDMultiFamily

Doron Greenberg & Aviad Ohayon Acquire Multifamily In East Harlem For $28.2M

69 East 125th Street

$28,200,000

Building Size

Asset Type

MultiFamily

Closing

Oct 16, 2023

AI

A multifamily property located at 69 East 125th Street in East Harlem has been sold for a total price of $28,200,000. The property consists of 77 units, resulting in a price per unit of approximately $366,234. The transaction was facilitated by the brokers Victor Sozio, Shimon Shkury, Mark Anderson, and Gabriel Elyaszadeh from Ariel Property Advisors.

Summary of transaction details

Doron Greenberg and Aviad Ohayon, representing GO-RE Partners, were the buyers of the multifamily property. The seller, Thomas Ryan, belonged to Greystone Development. The brokers involved in the deal were Victor Sozio, Shimon Shkury, Mark Anderson, and Gabriel Elyaszadeh from Ariel Property Advisors. This transaction highlights the collaborative efforts of these key individuals and companies in the real estate market.

Players

Michael A. Tortorici

Ariel Property Advisors

Broker

$908.9M

vol

48 deals

Broker

Doron Greenberg

Buyer

$93M

vol

5 deals

Buyer
Thomas Ryan

Thomas Ryan

Greystone

Seller

$95.8M

vol

6 deals

Seller

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

0.56%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93