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135 W 126th St, New York, N...

Ronnie Mandler Acquires Multifamily Property In Harlem For $1.7M
SOLDMultiFamily

Ronnie Mandler Acquires Multifamily Property In Harlem For $1.7M

135 W 126th St, New York, NY 10027, USA

$1,700,000

$480/SF

Building Size

3,536 SF

Asset Type

MultiFamily

Closing

Jul 17, 2019

AI

A multifamily property located at 135 West 126th Street in Manhattan's Harlem neighborhood has been sold in a closed transaction. The property spans 3,536 square feet and was sold for a sale price of $1,700,000. The asking price for the property was $1,900,000, resulting in a price per square foot of $480.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,700,000
  • Address: 135 West 126th Street
  • Market: Manhattan, Harlem

Francine Pinkney was the seller of the property, while Ronnie Mandler emerged as the buyer. Representing the transaction were Josh Lipton and Andrew Levine from Invictus Property Advisors.

Players

Andrew Levine

Invictus Property Advisors

Broker

$453.3M

vol

67 deals

Broker

Ronnie Mandler

Buyer

$14.5M

vol

3 deals

Buyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.33%

Cash-on-Cash

-2.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93