facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

206 Malcolm X Boulevard

Alan Mishali Acquires Multifamily Building In Harlem Manhattan For $1.81M
SOLDMultiFamily

Alan Mishali Acquires Multifamily Building In Harlem Manhattan For $1.81M

206 Malcolm X Boulevard

$1,810,000

$377/SF

Building Size

4,800 SF

Asset Type

MultiFamily

Closing

Apr 8, 2024

AI

The multifamily property located at 206 Malcolm X Blvd in Harlem Manhattan was sold for $1,810,000. Spanning 4,800 square feet, the property was transacted at a price per square foot of $377.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,810,000
  • Address: 206 Malcolm X Blvd
  • Market: Harlem Manhattan

Alan Mishali acquired the property from Robert Ferrer, who represented the Faith Temple Deliverance Church Of Christ in the deal. The transaction was facilitated by Alexander Furst from Watch Hill Real Estateand Louis Puopolo from Douglas Elliman.

Players

Alexander Furst

Watch Hill Real Estate

Broker

$1.8M

vol

4 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.76%

Cash-on-Cash

-2.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93