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20 West 119th Street

Peter Michael & Gerald Couzens Sell Multifamily Property In New York City For $2.4M
SOLDMultiFamily

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

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.

Players

Peter Michael

Broker

$2.4M

vol

1 deal

Broker

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