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261 West 126th Street, Manh...

Ronnie Mandler Acquires Mixed-Use Property In Central Harlem For $1.38M With Ariel Property Advisors
SOLDMixed-use

Ronnie Mandler Acquires Mixed-Use Property In Central Harlem For $1.38M With Ariel Property Advisors

261 West 126th Street, Manhattan, New York, NY, USA

$1,376,000

$359/SF

Building Size

3,829 SF

Asset Type

Mixed-use

Closing

Oct 15, 2021

AI

Located in Central Harlem, the mixed-use property at 261 West 126th Street was recently sold in a closed transaction. The sale, which took place on October 15, 2021, involved a total sale price of $1,376,000. The property spans approximately 3,829 square feet, resulting in a price per square foot of $359.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $1,376,000
  • Address: 261 West 126th Street
  • Market: Central Harlem

Ronnie Mandler acquired the property in this transaction. The buyer was represented by Victor Sozio, Courtney Lee, and James Nestor from Ariel Property Advisors.

Players

Victor Sozio

Ariel Property Advisors

Broker

$2.3B

vol

111 deals

Broker

Ronnie Mandler

Buyer

$14.5M

vol

3 deals

Buyer

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

11.53%

Cash-on-Cash

-3.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93