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Rafael & Gabe Badalov Acquire Harlem Multifamily Property From Nuray Birol For $1.2M

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SOLD
$1,200,000

New York

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MultiFamily5,510 SF
Sold 12/31/2024
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Property Image
SOLD

Rafael & Gabe Badalov Acquire Harlem Multifamily Property From Nuray Birol For $1.2M

2074 Fifth Avenue

See Similar Deals
MultiFamily5,510 SF
Sold 12/31/2024
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$217
Total Square Footage:5,510 SF
Transaction Type:Sale

The multi-family property located at 2074 Fifth Avenue in the Harlem market was sold for $1,200,000. This asset consists of 4 units and encompasses a total square footage of 5,510, equating to a price per unit of $300,000 and a price per square foot of $217.

Summary of transation details:

  • Property Type: MultiFamily
  • Transaction Amount: $1,200,000
  • Address: 2074 Fifth Avenue
  • Market: Harlem
  • Units: 4
  • Square Footage: 5,510
  • Price Per Unit: $300,000
  • Price Per Square Foot: $217
  • Buyer: Rafael & Gabe Badalov
  • Seller: Nuray Birol
  • Buyer’s Rep: Edward Coaxum
  • Seller’s Rep: Robert Rappa - Investment Property Realty Group (IPRG)

Rafael & Gabe Badalov were the buyers in this transaction, while Nuray Birol was the seller. The deal was facilitated by Edward Coaxum representing the buyers and Robert Rappa, who represented the seller through Investment Property Realty Group (IPRG).

Players

Robert Rappa
13 deals$242.1M volume
BROKER

B6 Real Estate Advisors
BROKERAGE

Details

SOLD
IMAGE: Robert Rappa DATE: 12/31/2024 ADDRESS: 2074 Fifth Avenue MARKET: Harlem ASSET TYPE: MultiFamily BUYER: Rafael & Gabe Badalov SELLER: Nuray Birol BUYER'S REP: Edward Coaxum SELLER'S REP: Robert Rappa (@BobTheBroker_IPRG) - Investment Property Realty Group (IPRG) (@IPRG_NY) SALE PRICE: $1,200,000 UNITS: 4 ~ PPU: $300,000 SF: 5,510 ~ PPSF: $217

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$64,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35