ARJE Capital Acquires Multifamily Property In Harlem For $2.95M
217 East 115th Street
$2,950,000
$637/SF
Building Size
4,630 SF
Asset Type
MultiFamily
Closing
Oct 25, 2022
AI
A multifamily property located at 217 East 115th Street in Harlem has been sold for $2,950,000. The property consists of 8 units with a total square footage of 4,630. The price per unit is $368,750, and the price per square foot is $637.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,950,000
- Address: 217 East 115th Street
- Market: Harlem
The buyer of the property is ARJE Capital, while ICER Properties represented by Joseph L. Jemal acted as the seller. The transaction was facilitated by the KSR brokerage firm, with Ceasar Salama, David Warren, Ronnie Shaban, and Albert Sultan serving as the brokers involved in the deal.
It's important to note that there is no additional information available regarding the property or the individuals involved in the transaction.
Players
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
5.38%
Cash-on-Cash
-1.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93