Updated Sep 13, 2024
Joshua Lee Acquires Property On East 130 Street In New York For $3.2 Million
East 130 Street, New York, NY, 10037
$3,200,000
$510/SF
Building Size
6,268 SF
Asset Type
MultiFamily
Closing
Nov 19, 2023
About this deal
AI
The property involved in this transaction is a six-story multifamily building located at East 130 Street, New York, NY, within the New York market. The building was sold for $3,200,000.00 and spans a total of 6,268 square feet, comprising five units equipped with Bosch appliances, walnut cabinetry in the kitchens, and marble tiling with Grohe and Toto finishes in the bathrooms.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,200,000.00
- Address: 57 E. 130th St., New York, NY, 10037
- Seller's Representatives: Matthew "Matt" Gillis - Ariel Property Advisors, Daniel Mahfar - Ariel Property Advisors
- Buyer: Joshua Lee
Matthew L. Gillis, Michael A. Tortorici, Victor Sozio, Marko Agbaba, and Daniel Mahfar of Ariel Property Advisors were involved in representing the seller, Yoori Oh of Verse Development LLC, during this transaction, showcasing a collaborative effort among the broker representatives in the deal.
On the Map
$3,200,000
$510/SF
MultiFamily
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Players
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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93