Jeremiah Lucey & Rick Rosan Acquire Multifamily Property In Harlem For $19.25M
112 West 138th Street, New York, NY, USA
$19,250,000
$493/SF
Building Size
39,000 SF
Asset Type
MultiFamily
Closing
Dec 13, 2018
AI
A multifamily property located at 112 West 138th Street in Harlem has been sold for $19,250,000. The property spans 39,000 square feet and has a price per square foot of $493. The transaction took place on 12/14/2018. The property generates a gross income of $1,000,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $19,250,000
- Address: 112 West 138th Street
- Market: Harlem
The seller of the property is Michael V. Coratolo, while the buyers are Jeremiah Lucey and Rick Rosan. The transaction was facilitated by broker Jim Mann from Friedman-Roth Realty Services. Notably, Jim Mann represented both the buyers and the seller in this deal.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.82%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93