Ariel Property Advisors Facilitates $5.2M Multifamily Sale On E 111th St In New York
SOLD
$5,200,000
New York
See Similar DealsMultiFamily
SOLD
Ariel Property Advisors Facilitates $5.2M Multifamily Sale On E 111th St In New York
88 E 111th St, New York, NY, 10029
See Similar DealsMultiFamily
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$277,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,474.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,650.65
Annual Debt Service$295,807.83
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