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
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
8.76%
Cash-on-Cash
-2.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93