PH Realty Capital Acquires Mixed-Use Property On 545 W. 125th St. In West Harlem

Located at 545 W. 125th St., in the market of West Harlem, a mixed-use property was recently sold. The transaction took place on January 15, 2021.

Summary of transation details

• Property Type: Mixed-use
• Transaction Amount: $6,150,000
• Square Footage: 29,436 SF
• Price per Square Foot: $209
• Number of Units: 52
• Price per Unit: $118,000
• Capitalization Rate: 7.5%
• Gross Rent Multiplier: 7.3x

The buyer in this transaction was PH Realty Capital, represented by Peter Hungerford. The seller was Chosen Realty, represented by Jeffrey Farkas. The deal was facilitated by brokers Amit Doshi and Seth Levine, from the Meridian Capital Group.