New Horizon Overseas LLC Acquires Single Family In New York For $5.9M
70 Hester St, New York, NY, 10002
$5,900,000
Building Size
—
Asset Type
Single Family
Closing
May 17, 2016
AI
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:
- Property Type: Single Family
- Transaction Amount: $5,900,000.00
- Market: New York
- Seller: CSC Landscape Holdings
- Buyer: New Horizon Overseas LLC
- Seller's Rep: Tom Brady(Douglas Elliman)
- Buyer's Rep: Noeline Cuker(Brown Harris Stevens)
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
New York Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93