Assegide M Getachew Acquires SFR In Harlem From Joyce Hanly For $3,687,869
2 West 123rd Street, Manhattan, New York, NY, USA
$3,687,869
$615/SF
Building Size
5,993 SF
Asset Type
Single Family Residence
Closing
May 20, 1921
AI
A single-family residential (SFR) property located at 2 West 123rd Street in Harlem was recently sold in a closed transaction. The sale took place on 5/21/21, with the buyer being Assegide M Getachew, and the seller being Joyce Hanly. The transaction was facilitated by broker Stanley Montfort from Leslie J. Garfield. The property spans across 5,993 square feet and was sold for a price of $3,687,869, resulting in a price per square foot (PPSF) of $615. The previous sale of the property occurred on 9/2017 for $1,975,000.
Summary of transaction details
- Property Type: Single-Family Residential (SFR)
- Transaction Amount: $3,687,869
- Address: 2 West 123rd Street, Harlem
- Market: Harlem
This transaction showcases the acquisition of the SFR property at 2 West 123rd Street in Harlem. Assegide M Getachew successfully purchased the property from Joyce Hanly, with broker Stanley Montfort from Leslie J. Garfield representing the parties involved. The property's sale price of $3,687,869 indicates a significant increase from its previous sale of $1,975,000 in September 2017.
Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.30%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93