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Yehuda Cohen Sells Multifamily Property On New York Avenue For $4.4M

Property Image
SOLD
$4,376,846
Jermaine Pugh
Ari Harkov
+ 1

New York

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MultiFamily5,316 SF
Sold 12/14/2022
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Property Image
SOLD

Yehuda Cohen Sells Multifamily Property On New York Avenue For $4.4M

882 New York Avenue

See Similar Deals
MultiFamily5,316 SF
Sold 12/14/2022
Jermaine Pugh
Ari Harkov
+ 1
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$823
Total Square Footage:5,316 SF
Transaction Type:Sale

A multifamily property located at 882 New York Avenue in New York City has been sold. The property consists of 8 units and spans approximately 5,560 square feet. The sale price for this transaction was $4,376,846, resulting in a price per square foot of $787. The seller of the property was Yehuda Cohen, and the transaction had a capitalization rate of 5.08%.

Summary of transaction details:

The sellers in this transaction were represented by Yehuda Cohen. The brokers involved in this deal were Ari Harkov from Brown Harris Stevens and DJ Johnston & Jermaine Pugh from B6 Real Estate Advisors. Together, they facilitated the successful sale of the multifamily property.

Players

DJ Johnston
102 deals$493.3M volume(914) 584-7422
BROKER

Jermaine Pugh
Matthews
24 deals$86.1M volume(201) 850-0762
BROKER

Ari Harkov
Brown Harris Stevens
86 deals$429.1M volume(212) 381-4246
BROKER

Details

SOLD
IMAGE: Ari Harkov, DJ Johnston & Jermaine Pugh DATE: 12/14/2022 ADDRESS: 882 New York Avenue MARKET: New York City ASSET TYPE: Multifamily SELLER: Yehuda Cohen BROKERS: Ari Harkov (@AriHarkov) (@Harkovlewisteam) - Brown Harris Stevens (@BrownHarrisStevens), DJ Johnston (@B6RealEstate_JohnstonTeam) & Jermaine Pugh (@Jermaine.Pugh) - B6 Real Estate Advisors (@B6RealEstate) SALE PRICE: $4,376,846 SF: 5,560 ~ PPSF: $787 UNIT: 8 ~ PPU: $547,106 CAP: 5.08 %

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

$233,431.79

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,550.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,748.48
Annual Debt Service$248,981.80