Updated Sep 20, 2024
Ariel Property Advisors Facilitates $5.2M Multifamily Sale On E 111th St In New York
88 E 111th St, New York, NY, 10029
$5,200,000
Units
28
Asset Type
MultiFamily
Closing
Nov 20, 2023
About this deal
AI
The transaction involves the sale of a 28-unit multifamily building located at 88 E 111th St, New York, NY, 10029, in the New York market. The property includes two commercial spaces and was sold for $5,200,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $5,200,000.00
- Address: 88 E 111th St, New York, NY, 10029
- Market: New York
- Seller's Representatives: Mark Anderson - Ariel Property Advisors, Michael Tortorici - Ariel Property Advisors
- Buyer: Undisclosed
The brokerage firm responsible for this transaction is Ariel Property Advisors, with Victor Sozio, Mark Anderson, and Michael Tortorici playing key roles in brokering the deal. The identities of both the buyer and seller remain undisclosed.
On the Map
$5,200,000
MultiFamily
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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
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93