Updated Dec 19, 2023
Compass Brokers Facilitate $2M Multifamily Sale In Harlem
141 West 129th Street, New York City, New York 10027, United States
$2,000,000
$651/SF
Building Size
3,068 SF
Asset Type
MultiFamily
Closing
Jun 13, 2022
About this deal
AI
The multifamily property located at 141 W. 129th St. in Harlem was recently sold for $2,000,000. The transaction took place on June 14, 2022. The property spans across 3,068 square feet, resulting in a price per square foot of $651.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Address: 141 W. 129th St.
- Market: Harlem
The seller's representative in this deal was Bobby Larrea of The Hudson Advisory Team working with Compass. On the buyer's side, Malcolm Louis Adams represented the purchasing party.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93