Eugene Podokshik Acquires SRO/Conversion In Central Harlem For $1.125M
124 West 131st Street, New York City, New York 10027, United States
$1,125,000
$325/SF
Building Size
3,456 SF
Asset Type
Other
Closing
Mar 7, 2022
AI
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
New York Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.10%
Cash-on-Cash
-4.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93