Khiarshour LLC Acquires 5-Story Multi-Family Property In East Harlem

The 5-story multi-family property at 105 East 122nd Street in East Harlem, New York has been sold in a closed transaction. The property spans 10,148 square feet and consists of 10 legal units, with 9 being FM units and 1 RS unit. The transaction was completed for a price of $4,000,000, resulting in a price per square foot of $394. The property was sold to Khiarshour LLC, represented by Maurice Kohan, while Adonis Mallios acted as the seller. The deal was facilitated by Kevin Darouvar of the Darouvar agency.

Summary of transaction details

• Property Type: 5-Story Multi-Family
• Transaction Amount: $4,000,000
• Square Footage: 10,148 sf
• Price per Square Foot: $394
• Units: 10 legal units (9 FM, 1 RS)
• Price per Unit: $400,000
• Capitalization Rate: 4.6%

The buyer, Khiarshour LLC, was represented by Maurice Kohan in the transaction. Adonis Mallios acted as the seller. Kevin Darouvar, from the Darouvar agency, facilitated the deal as the broker.