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

Property Image
SOLD
$28,200,000
Victor Sozio
Shimon Shkury
+ 4

New York

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MultiFamily
Sold 10/16/2023
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Property Image
SOLD

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

69 East 125th Street

See Similar Deals
MultiFamily
Sold 10/16/2023
Victor Sozio
Shimon Shkury
+ 4
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Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Sale

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
48 deals$908.9M volume
BROKER

Shimon Shkury
Ariel Property Advisors
55 deals$1.7B volume
BROKER

Victor Sozio
Ariel Property Advisors
111 deals$2.3B volume
BROKER

Mark Anderson
Ariel Property Advisors
13 deals$108.3M volume
BROKER

Gabriel Elyaszadeh
Ariel Property Advisors
18 deals$220.2M volume
BROKER


5 deals$93M volume
BUYER

Thomas Ryan
Greystone
6 deals$95.8M volume
SELLER

Details

SOLD
IMAGE: Victor Sozio, Shimon Shkury, Doron Greenberg, Thomas Ryan, Aviad Ohayon, Mark Anderson & Gabriel Elyaszadeh DATE: 10/16/2023 ADDRESS: 69 East 125th Street MARKET: East Harlem ASSET TYPE: Multifamily BUYER: Doron Greenberg & Aviad Ohayon - GO-RE Partners SELLER: Thomas Ryan - Greystone Development BROKERS: Victor Sozio, Shimon Shkury, Mark Anderson (@Marko__Alpha) & Gabriel Elyaszadeh - Ariel Property Advisors (@ArielPA.NYC) SALE PRICE: $28,200,000 UNITS: 77 ~ PPU: $366,234

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,504,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$100,188.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$133,682.39
Annual Debt Service$1,604,188.64