Monadnock Development Acquires Central Harlem Multifamily For $17.5M

A multifamily property located at 111 & 148 W 141st Street in Central Harlem has been sold for $17,465,000. The property consists of 89 units and spans a total of 36,935 square feet. The sale price per square foot is $473. The transaction took place on December 19, 2019.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $17,465,000
• Address: 111 & 148 W 141st Street
• Market: Central Harlem
• Number of Units: 89

Aulder Capital, represented by Michael Zito, served as the seller in this transaction. The buyer was Monadnock Development, represented by Amy Stokes and Pierre Downing. Avison Young, with Sam Schertz, James Nelson, and Allan Fries as brokers, facilitated the deal.