S. Michael Musa-Obregon Acquires Co-op In Midtown East, Manhattan For $530K
SOLD
$530,000
New York
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Sold 02/23/2022
SOLD
S. Michael Musa-Obregon Acquires Co-op In Midtown East, Manhattan For $530K
315 East 56th Street, New York City, New York 10022, United States
See Similar DealsOther
Sold 02/23/2022
Summary
NEW YORK
Asset Type:Other
Transaction Type:Sale
A co-op located at 315 East 56th Street in Midtown East, Manhattan has been sold for a total of $530,000. The transaction took place on February 23, 2022. The property was acquired by S. Michael Musa-Obregon.
Summary of transaction details:
- Property Type: Co-op
- Transaction Amount: $530,000
- Address: 315 East 56th Street, Midtown East, Manhattan
Fabiano Proa from Triplemint represented the buyer, S. Michael Musa-Obregon, while Steve Dawson from Compass acted as the seller's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$28,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$1,882.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$2,512.47
Annual Debt Service$30,149.64
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