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

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SOLD
$3,687,869

New York

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Single Family Residence5,993 SF
Sold 05/20/21
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SOLD

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

2 West 123rd Street, Manhattan, New York, NY, USA

See Similar Deals
Single Family Residence5,993 SF
Sold 05/20/21
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Summary

NEW YORK
Asset Type:Single Family Residence
Price Per Square Foot:$615
Total Square Footage:5,993 SF
Transaction Type:Sale

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
5 deals$13M volume(908) 414-6006
BROKER

Details

SOLD
IMAGE: Stanley Montfort DATE: 5/21/21 ADDRESS: 2 West 123rd Street MARKET: Harlem ASSET TYPE: SFR BUYER: Assegide M Getachew SELLER: Joyce Hanly BROKER: Stanley Montfort (@SMontfort, @UptownBrownstones) @LeslieJGarfield PRICE: $3,687,869 SF: 5,993 ~ PPSF: $615 LAST SALE: $1,975,000 (9/2017)

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$196,686.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,102.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,482.38
Annual Debt Service$209,788.57