Updated Dec 4, 2024
Maurice Kohan Buys Multifamily Portfolio In Harlem For $5.65M
204 West 111th Street, 208 West 111th Street & 240 West 111th Street
$5,650,000
$43/SF
Building Size
43,554 SF
Asset Type
MultiFamily
Closing
Mar 29, 2024
About this deal
AI
The multifamily portfolio located at 204, 208, and 240 West 111th Street in Harlem, Manhattan, was recently sold for $5,650,000. The property comprises a total of 56 units with a price per unit of $100,893. Spanning 43,554 square feet, the portfolio sold for $130 per square foot.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,650,000
- Units: 56
- Price Per Unit: $100,893
- Square Footage: 43,554
- Price Per Square Foot: $130
- Address: 204, 208 & 240 West 111th Street Portfolio, Harlem, Manhattan
Maurice Kohan acquired the property from Chris Pesce. The deal was facilitated by the team of brokers from Marcus & Millichap, including Seth Glasser, Shaun Riney, Benny Katz, and Michael Fusco.
On the Map
$5,650,000
$43/SF
MultiFamily
View full map
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Benny Katz to view all their deals.
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.81%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93