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.
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