Camber Property Group Acquires Multifamily Property In Central Harlem From Renaissance Realty Group For $24.55M

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.