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New Horizon Overseas LLC Acquires Single Family In New York For $5.9M

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SOLD
$5,900,000

New York

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Single Family
Sold 05/17/2016
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Property Image
SOLD

New Horizon Overseas LLC Acquires Single Family In New York For $5.9M

70 Hester St, New York, NY, 10002

See Similar Deals
Single Family
Sold 05/17/2016
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Summary

NEW YORK
Asset Type:Single Family
Transaction Type:Sale

The property at 70 Hester St, New York, NY, 10002, is a Single Family home that was sold on 05/17/2016 in New York. The transaction involved the sale of the property from seller CSC Landscape Holdings to the buyer New Horizon Overseas LLC for a price of $5,900,000.00.

Summary of transaction details:

The deal's key individuals included the seller's representative, Tom Brady from Douglas Elliman, and the buyer's representative, Noeline Cuker from Brown Harris Stvens, who facilitated the transaction between CSC Landscape Holdings and New Horizon Overseas LLC. The sale marked the transfer of ownership of the Single Family property in New York, demonstrating a significant transaction in the real estate market.

Players

Tom Brady
10 deals$48.4M volume
BROKER

Noeline Cuker
Brown Harris Stevens
1 deal$5.9M volume(212) 317-3678
BROKER

Details

SOLD
IMAGE: 05/17/2016 ADDRESS: 70 Hester St, New York, NY, 10002 MARKET: New York ASSET TYPE: Single Family BUYER'S REP: Noeline Cuker(Brown Harris Stevens) SELLER'S REP: Tom Brady(Douglas Elliman) BUYER: New Horizon Overseas LLC SELLER: CSC Landscape Holdings PRICE: $5,900,000.00

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

$314,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,961.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,969.01
Annual Debt Service$335,628.12