Joe Camerada Of Wavecrest Management Acquires Multifamily Properties In Central Harlem For $26.3M

The transaction involves a multifamily asset located at 111 W 141st Street and 148 West 141st Street in Central Harlem, Manhattan. The sale price was $26,300,000, featuring a total of 89 units and a square footage of 36,935. The price per unit (PPU) was calculated at $295,506, while the price per square foot (PPSF) amounted to $712.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $26,300,000
• Units: 89
• Square Footage: 36,935
• Price Per Unit: $295,506
• Price Per Square Foot: $712
• Buyer: Joe Camerada - Wavecrest Management
• Seller: Monadnock Development; Amy Stokes & Pierre Downing - Kalel Companies
• Broker: Sam Schertz - Schuckman Realty

Key individuals involved in the deal include Joe Camerada representing Wavecrest Management as the buyer and Monadnock Development along with Amy Stokes and Pierre Downing representing Kalel Companies as the sellers. The transaction was brokered by Sam Schertz from Schuckman Realty. A note from the broker indicated that the asset is associated with 141st Street - Article XI with 610 Amendment in Place Deal. Special acknowledgments were made to the attorneys, Monadnock Construction, Kalel Companies, Wavecrest Management, and Marc Alper for their contributions to the successful completion of the deal.