Updated Mar 4, 2026
Ravi Annam Acquires Multifamily Property In Harlem For $7M
1728 Amsterdam Avenue
$7,000,000
$420/SF
Building Size
16,655 SF
Asset Type
MultiFamily
Closing
Apr 9, 2019
About this deal
AI
Located in the Harlem market, the multifamily property at 1728-1730 Amsterdam Ave has recently been sold. The transaction took place on 04/10/2019 for a sale price of $7 million. The property spans 16,655 square feet, resulting in a price per square foot of $420. The asset consists of two contiguous buildings, encompassing 17 residential units and 3 retail spaces.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7M
- Date: 04/10/2019
- Address: 1728-1730 Amsterdam Ave
- Market: Harlem
- Size: 16,655 sq ft
- Price per Square Foot: $420
Galil Management acted as the seller in this transaction, while Ravi Annam emerged as the buyer. The deal was facilitated by Steven Vegh, representing both parties as the broker.
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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93