Ronnie Mandler Acquires Multifamily Property In Harlem For $1.7M
SOLD
$1,700,000
New York
See Similar DealsMultiFamily3,536 SF
Sold 07/18/2019
SOLD
Ronnie Mandler Acquires Multifamily Property In Harlem For $1.7M
135 W 126th St, New York, NY 10027, USA
See Similar DealsMultiFamily3,536 SF
Sold 07/18/2019
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$480
Total Square Footage:3,536 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$90,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41
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