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2866 Frederick Douglass Bou...

Daniel Lebensohn Of BH3 Management Acquires Mixed-Use Property In Harlem For $4M
SOLDMixed-use

Daniel Lebensohn Of BH3 Management Acquires Mixed-Use Property In Harlem For $4M

2866 Frederick Douglass Boulevard

$4,000,000

$225/SF

Building Size

17,750 SF

Asset Type

Mixed-use

Closing

May 5, 2026

AI

A 17,750-square-foot mixed-use property located at 2866 Frederick Douglass Boulevard in Harlem has been acquired for $4 million. This transaction represents a price of approximately $225 per square foot within the Manhattan market.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $4,000,000
  • Square Footage: 17,750
  • Price per Square Foot: $225
  • Buyer: Daniel Lebensohn - BH3 Management
  • Address: 2866 Frederick Douglass Boulevard
  • Market: Harlem, Manhattan

Daniel Lebensohn’s BH3 Management has undertaken this acquisition, marking a significant transaction in the Manhattan area, showcasing the company's continued investment in mixed-use properties.

Players

Daniel Lebensohn

BH3 Management

Buyer

$233.8M

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

3.97%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93