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98 Suffolk Street, New York...

BH Realty Group Sells 14 Co-Op Sponsor Units On Lower East Side For $8.91M
SOLDOther

BH Realty Group Sells 14 Co-Op Sponsor Units On Lower East Side For $8.91M

98 Suffolk Street, New York City, New York 10002, United States

$8,915,000

Building Size

Asset Type

Other

Closing

Oct 15, 2021

AI

Located in the Lower East Side neighborhood of Manhattan, the co-op sponsor units at 98-100 Suffolk Street have recently been sold in a successful sales project. Spearheaded by Robert Sameyah, Molly Lefkowitz, and Jordan Steiner of BH Realty Group, the team achieved impressive results with the sale of 14 apartments over a span of 9 months. The apartments featured 1 and 2 bedroom layouts, with an average of one sale every 6 weeks.

Summary of transaction details

  • Property Type: Co-Op Sponsor Units
  • Transaction Amount: $8,915,000
  • Date: 10/15/2021
  • Address: 98-100 Suffolk Street
  • Market: Lower East Side, Manhattan

BH Realty Group, a boutique residential real estate brokerage, specializes in exclusive sales and rental listings. With over 100 represented buildings across the 5 boroughs and offices in both Manhattan and Brooklyn, they offer a range of complimentary services including comparable/pricing reports, weekly rental and sales market updates, as well as expertise in apartment renovations and floor plan alterations. The leadership team at BH Realty Group boasts a combined 20+ years of experience and provides a rigorous training program to both new and experienced agents, equipping them with the tools and technology needed for success.

If you are looking to sell or lease your apartments, or if you would like a custom market analysis of your property, you can reach out to BH Realty Group at [email protected]. Alternatively, if you are interested in pursuing a career in real estate and would like to join their team, you can contact Jordan Steiner at [email protected].

For more information about BH Realty Group and their services, you can visit their website at www.bhrgnyc.com.

Players

Robert Sameyah

Clews Capital

Broker

$13.4M

vol

3 deals

Broker

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

1.78%

Cash-on-Cash

-0.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93