Updated Sep 5, 2024
Ariel Property Advisors Brokers Facilitate $5.8M Sale Of Central Harlem Multifamily Property
201 W 148th St New York, NY 10039, USA
$5,855,000
$188/SF
Building Size
31,000 SF
Asset Type
MultiFamily
Closing
Jun 30, 2023
About this deal
AI
A multifamily property located at 201 West 148th Street in Central Harlem has been sold for $5,855,000. The property comprises 26 units, with an average price per unit of $225,192. It offers a total square footage of 31,000, resulting in a price per square foot of $189.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,855,000
- Address: 201 West 148th Street, Central Harlem
- Units: 26
- Price per Unit: $225,192
- Total Square Footage: 31,000
- Price per Square Foot: $189
The sale was facilitated by Victor Sozio and Shimon Shkury of Ariel Property Advisors, acting as the brokers for this transaction.
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
2.71%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93