facebook
Traded Co logo
Submit

Denali Management Acquires Multifamily Property In Harlem For $21.2M

Property Image
SOLD
$21,200,000

New York

See Similar Deals
MultiFamily46,194 SF
Sold 07/29/2022
the dealdetailscomps
Property Image
SOLD

Denali Management Acquires Multifamily Property In Harlem For $21.2M

17 West 125th Street, New York City, New York 10027, United States

See Similar Deals
MultiFamily46,194 SF
Sold 07/29/2022

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$458
Total Square Footage:46,194 SF
Transaction Type:Sale

An multifamily property located at 17 West 125th Street in Harlem has been sold for $21,200,000. The transaction took place on July 29, 2022. The property consists of 49 units with an average price per unit of $432,653. The total square footage is approximately 46,200, resulting in a price per square foot of $459.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $21,200,000
  • Units: 49
  • Price per Unit: $432,653
  • Square Footage: 46,200
  • Price per Square Foot: $459

Denali Management acted as the buyer in this transaction, while Thor Equities served as the seller. Joseph Sitt was involved in the sale as a representative. Additional details about the deal or individuals were not provided.

Players

BUYER

Details

SOLD
IMAGE: Joseph Sitt DATE: 07/29/2022 ADDRESS: 17 West 125th Street MARKET: Harlem ASSET TYPE: Multifamily BUYER: Denali Management SELLER: Thor Equities (@ThorEquities) SALE PRICE: $21,200,000 UNITS: 49 ~ PPU: $432,653 SF: 46,200 ~ PPSF: $459

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,130,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$75,319.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$100,498.82
Annual Debt Service$1,205,985.79