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2 West 123rd Street, Manhat...

Assegide M Getachew Acquires SFR In Harlem From Joyce Hanly For $3,687,869
SOLDSingle Family Residence

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

Stanley Montfort

Serhant

Broker

$13M

vol

5 deals

Broker

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