Updated Dec 21, 2023
Cherelle Thomas Acquires Multifamily Building In Harlem For $1.63M
146 W 127th St, New York, NY 10027, USA
Building Size
33,920 SF
Asset Type
MultiFamily
Closing
Jul 2, 2018
About this deal
AI
A multifamily building located at 146 West 127th Street in Harlem, New York City, has been sold for $1,625,000. The property spans 3,392 square feet and has a price per square foot of $479. The cap rate for this transaction is 6.5%.
Summary of transaction details
- Property Type: Multifamily Building
- Transaction Amount: $1,625,000
- Square Feet: 3,392
- Price per Square Foot: $479
- Cap Rate: 6.5%
- Address: 146 West 127th Street, New York City
- Market: Harlem
The seller of the property was Steven Katzenberg, while the buyer was Cherelle Thomas. The deal was facilitated by ONE Commercial's Josh Lipton and Andrew Levine.
Players
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93