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Eugene Podokshik Acquires SRO/Conversion In Central Harlem For $1.125M

Property Image
SOLD
$1,125,000
James Nestor
Matthew (Matt) Gillis

New York

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Other3,456 SF
Sold 03/08/2022
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Property Image
SOLD

Eugene Podokshik Acquires SRO/Conversion In Central Harlem For $1.125M

124 West 131st Street, New York City, New York 10027, United States

See Similar Deals
Other3,456 SF
Sold 03/08/2022
James Nestor
Matthew (Matt) Gillis
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Other
Price Per Square Foot:$325
Total Square Footage:3,456 SF
Transaction Type:Sale

The SRO/Conversion property located at 124 West 131st Street in Central Harlem, Manhattan has been sold. The transaction took place on 03/08/2022. The property was delivered vacant and the sale was facilitated by brokers Matthew Gillis & James Nestor from Ariel Property Advisors. The buyer, Eugene Podokshik, purchased the property from the seller, David Shavolian, for a total sale price of $1,125,000. The property spans a total of 3,456 square feet with a price per square foot (PPSF) of $325.

Summary of Transaction Details

  • Property Type: SRO/Conversion
  • Transaction Amount: $1,125,000
  • Date: 03/08/2022
  • Address: 124 West 131st Street, Central Harlem, Manhattan
  • Market: Central Harlem, Manhattan
  • BROKERS: Matthew Gillis & James Nestor - Ariel Property Advisors

Eugene Podokshik acted as the buyer in this transaction, while David Shavolian served as the seller. The deal was facilitated by brokers Matthew Gillis & James Nestor from Ariel Property Advisors.

Players

Matthew (Matt) Gillis
Ariel Property Advisors
Matthew Gillis
25 deals$295M volume
BROKER
James Nestor
Ariel Property Advisors
James Nestor
11 deals$49.1M volume
BROKER

Details

SOLD
IMAGE: Matthew Gillis & James Nestor DATE: 03/08/2022 ADDRESS: 124 West 131st Street MARKET: Central Harlem, Manhattan ASSET TYPE: SRO/Conversion - Delivered Vacant BUYER: Eugene Podokshik SELLER: David Shavolian BROKERS: Matthew Gillis & James Nestor - Ariel Property Advisors (@ArielPA.NYC) SALE PRICE: $1,125,000 SF: 3,456 ~ PPSF: $325

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

$60,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,996.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,333.07
Annual Debt Service$63,996.89