Anwar Asgar Acquires Multifamily Property In Harlem, Manhattan For $5.7M

Anwar Asgar has purchased a multifamily property located at 114 W 116th St in Harlem, Manhattan. The property is zoned as R7-2, C1-4 and has a lot size of 4,037 square feet. The building has a total square footage of 13,807, with a buildable square footage (BSF) of 12,887. The purchase price for the property was $5,700,000, resulting in a price per square foot (PPSF) of $412. The previous sale of the property took place on 6/27/2005, with a sale price of $2,600,000. The property has a floor area ratio (FAR) of 3.42 and falls under tax class 2. It also received an alteration permit on 04/25/2019.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,700,000
• Market: Harlem, Manhattan
• Zoning: R7-2, C1-4
• Lot Size: 4,037 square feet
• Total Square Footage: 13,807
• Buildable Square Footage (BSF): 12,887
• Price per Square Foot (PPSF): $412
• Floor Area Ratio (FAR): 3.42
• Tax Class: 2
• Last Sale Price: $2,600,000 (6/27/2005)
• Permits: Alteration 2 (04/25/2019)

The seller of the property was Jerry Atkins. Anwar Asgar, the buyer, completed the transaction through a closed deal.