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
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