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Harrison Miles Acquires Manhattan Valley & Upper Manhattan Co-Op Portfolio For $5.7M

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SOLD
$5,700,000
Seth Glasser
Michael (Mike) Fusco
+ 1

New York

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Co-Op253,530 SF
Sold 04/01/2024
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Property Image
SOLD

Harrison Miles Acquires Manhattan Valley & Upper Manhattan Co-Op Portfolio For $5.7M

63 West 107th Street, 67 West 107th Street, 411 Manhattan Avenue, 450 West 147th Street, 825 West 179th Street & 930 Saint Nicholas Avenue

See Similar Deals
Co-Op253,530 SF
Sold 04/01/2024
Seth Glasser
Michael (Mike) Fusco
+ 1
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Summary

NEW YORK
Asset Type:Co-Op
Price Per Square Foot:$22
Total Square Footage:253,530 SF
Transaction Type:Sale

The Manhattan Valley Condo & Upper Manhattan Co-Op Portfolio, located at 63-67 West 107th Street; 411, 417, 421 Manhattan Avenue; 450 West 147th Street; 825 West 179th Street & 930 Saint Nicholas Avenue, comprises a collection of unsold coop and condo shares. The portfolio spans a total square footage of 42,255 square feet, with a total of 54 units. The transaction took place in Manhattan Valley and Upper Manhattan, with a sale price of $5,700,000, equating to a price per unit of $105,556 and a price per square foot of $135.

Summary of transaction details:

The deal was facilitated by Logan Markley, Seth Glasser, Benny Katz, and Michael Fusco from Marcus & Millichap. Harrison Miles, the buyer, and Myles Horn, the seller, were the key individuals involved in this transaction, finalizing the acquisition of the Manhattan Valley Condo & Upper Manhattan Co-Op Portfolio.

Players

Logan Markley
70 deals$970.7M volume(212) 430-5194
BROKER

Michael (Mike) Fusco
Marcus & Millichap
88 deals$576.1M volume(973) 865-6303
BROKER

Seth Glasser
Marcus & Millichap
125 deals$1.1B volume
BROKER

Benny Katz
Marcus & Millichap
34 deals$232.9M volume
BROKER

Details

SOLD
IMAGE: Logan Markley, Seth Glasser, Michael Fusco & Benny Katz DATE: 04/01/2024 ADDRESS: 63-67 West 107th Street; 411, 417, 421 Manhattan Avenue; 450 West 147th Street; 825 West 179th Street & 930 Saint Nicholas Avenue - Manhattan Valley Condo & Upper Manhattan Co-Op Portfolio MARKET: Manhattan Valley, Upper Manhattan ASSET TYPE: Portfolio of Unsold Coop & Condo Shares BUYER: Harrison Miles SELLER: Myles Horn BROKERS: Logan Markley (@LogantMarkley), Seth Glasser (@SethGlaser1), Benny Katz (@Bbbennis_2k) & Michael Fusco (@Mike_Fusco_NYM) - Marcus & Millichap (@MarcusMillichapinc) SALE PRICE: $5,700,000 UNITS: 54 ~ PPU: $105,556 SF: 42,255 ~ PPSF: $135

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Debt Service Coverage Ratio (DSCR)

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