Ariel Property Advisors Facilitates $5.25M Sale Of Multifamily Building In East Harlem
SOLD
$5,250,000
New York
See Similar DealsMultiFamily19,884 SF
Sold 02/10/2022
SOLD
Ariel Property Advisors Facilitates $5.25M Sale Of Multifamily Building In East Harlem
88 East 111th Street, New York City, New York 10029, United States
See Similar DealsMultiFamily19,884 SF
Sold 02/10/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$264
Total Square Footage:19,884 SF
Transaction Type:Sale
Located at 88 East 111th Street in East Harlem, Manhattan, this multifamily property recently sold for $5,250,000. The building consists of 30 units, with a price per unit of $175,000. The total square footage of the property is 19,884, resulting in a price per square foot of $264.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $5,250,000
- Units: 30
- Price Per Unit: $175,000
- Square Footage: 19,884
- Price Per Square Foot: $264
- Market: East Harlem, Manhattan
The sale of this property was facilitated by Victor Sozio, Mark Anderson, and Michael Tortorici from Ariel Property Advisors. In addition to the building sale, Ariel Property Advisors also arranged the sale of the cell antenna income in the form of a telecommunications easement to another buyer, maximizing the price for the seller.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$280,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,652.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,887.68
Annual Debt Service$298,652.14
Is there something missing? Send suggestions