Updated Dec 21, 2023
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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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