Rafael & Gabe Badalov Acquire Harlem Multifamily Property From Nuray Birol For $1.2M
2074 Fifth Avenue
$1,200,000
$217/SF
Building Size
5,510 SF
Asset Type
MultiFamily
Closing
Dec 31, 2024
AI
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
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93