Ronnie Mandler Acquires Mixed-Use Property In Central Harlem For $1.38M With Ariel Property Advisors
SOLD
$1,376,000
+ 1
New York
See Similar DealsMixed-use3,829 SF
Sold 10/15/2021
SOLD
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
See Similar DealsMixed-use3,829 SF
Sold 10/15/2021
+ 1
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$359
Total Square Footage:3,829 SF
Transaction Type:Sale
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.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$73,386.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,888.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,522.94
Annual Debt Service$78,275.30
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