Camber Property Group Acquires Multifamily Property In Central Harlem From Renaissance Realty Group For $24.55M
SOLD
$24,550,000
New York
See Similar DealsMultiFamily51,560 SF
Sold 07/29/2021
SOLD
Camber Property Group Acquires Multifamily Property In Central Harlem From Renaissance Realty Group For $24.55M
104-110 West 144th Street, Manhattan, New York, NY, USA
See Similar DealsMultiFamily51,560 SF
Sold 07/29/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$476
Total Square Footage:51,560 SF
Transaction Type:Sale
The multifamily property located at 104-110 West 144th Street in Central Harlem has been sold. The transaction took place on July 29, 2021, with a sale price of $24,550,000. The property consists of 60 units, with an average price per unit of $409,000. The total square footage of the property is 51,560, resulting in a price per square foot of $476.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $24,550,000
- Units: 60
- Price per Unit: $409,000
- Square Footage: 51,560
- Price per Square Foot: $476
- Address: 104-110 West 144th Street
- Market: Central Harlem
Camber Property Group, represented by Rick Gropper, acquired the property from Renaissance Realty Group. The transaction was facilitated by brokers Victor Sozio and Courtney Lee from rielPA.NYC. The deal involved a total capitalization of $30 million, which includes a $20.5 million loan from Walker & Dunlop.
Players
SELLER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,309,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$87,220.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$116,379.52
Annual Debt Service$1,396,554.30
Is there something missing? Send suggestions