facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

2074 Fifth Avenue

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

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

Robert Rappa

Investment Property Realty Group (IPRG)

Broker

$242.1M

vol

13 deals

Broker
B6 Real Estate Advisors
B6 Real Estate AdvisorsBrokerage

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

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93