Updated Sep 5, 2024
Peter Michael & Gerald Couzens Sell Multifamily Property In New York City For $2.4M
20 West 119th Street
$2,400,000
$834/SF
Building Size
2,876 SF
Asset Type
MultiFamily
Closing
Dec 22, 2022
About this deal
AI
The multifamily property located at 20 West 119th Street in New York City has been sold. The transaction took place on December 22, 2022, with a sale price of $2,400,000. The property consists of three units, resulting in a price per unit (PPU) of $800,000. The total square footage of the property is 2,876, and the price per square foot (PPSF) is calculated to be $834.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,400,000
- Units: 3
- Price Per Unit (PPU): $800,000
- Square Footage: 2,876
- Price Per Square Foot (PPSF): $834
The sale of this multifamily property was facilitated by two brokers. Peter Michael, representing Piere Michel, and Gerald Couzens, representing The Corcoran Group, played integral roles in the transaction.
On the Map
$2,400,000
$834/SF
MultiFamily
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Players
New York City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93