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154 West 120th Street, Manh...

Updated Dec 21, 2023

Andre Adams Acquires Multi Family Property On West 120 Street In Harlem, Manhattan For $3.3M
SOLDMultiFamily

Andre Adams Acquires Multi Family Property On West 120 Street In Harlem, Manhattan For $3.3M

154 West 120th Street, Manhattan, New York, NY, USA

$3,345,000

$815/SF

Building Size

4,103 SF

Asset Type

MultiFamily

Closing

Nov 7, 2021

About this deal

AI

The multi-family property located at 154 West 120 Street in Harlem, Manhattan has been sold in a closed transaction. The property is zoned as R7-2 and has a total building square footage (BSF) of 5,786. The price for this transaction was $3,345,000, resulting in a price per building square footage (PPBSF) of $578. The property itself spans an area of 4,103 square feet, giving it a price per square footage (PPSF) of $815. The floor area ratio (FAR) of the property is 2.44, and it falls under tax class 1. The lot size measures 1,682 square feet, with dimensions of 16.67 ft x 100.92 ft. The last recorded sale of this property was for $0 on February 2, 2014.

Summary of transation details

  • Property Type: Multi Family
  • Transaction Amount: $3,345,000
  • Market: Harlem, Manhattan
  • Zoning: R7-2
  • BSF: 5,786
  • PPBSF: $578
  • SF: 4,103
  • PPSF: $815
  • FAR: 2.44
  • Tax Class: 1
  • Lot Size: 1,682
  • Last Sale Price: $0 (2/2/2014)
  • Lot Dimension: 16.67 ft x 100.92 ft

Andre Adams acted as the buyer in this transaction, while Marc Bertrand served as the seller.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $815 per square foot on a published $3.3M for 4,103 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.74%

Cash-on-Cash

-1.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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