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

/

221 West 138th Street, New ...

Updated Dec 18, 2023

Davon J Snipes Acquires Multifamily Property In Harlem, Manhattan For $3.7M
SOLDMultiFamily

Davon J Snipes Acquires Multifamily Property In Harlem, Manhattan For $3.7M

221 West 138th Street, New York City, New York 10030, United States

$3,725,000

$832/SF

Building Size

4,476 SF

Asset Type

MultiFamily

Closing

Aug 3, 2022

About this deal

AI

The multifamily property located at 221 West 138 Street in Harlem, Manhattan has been sold for $3,725,000. The property has a total building square footage (BSF) of 10,998, resulting in a price per BSF (PPBSF) of $338. The total square footage (SF) of the property is 4,476, with a price per square foot (PPSF) of $832. The property is zoned as R7-2 and has a floor area ratio (FAR) of 1.40. The tax class for the property is 1. The lot size is 3,197 square feet, with dimensions of 32 ft x 99.92 ft. The last recorded sale of the property was on July 24, 2014, for a price of $2,888,000. An alteration permit was issued on November 24, 2014.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,725,000
  • Address: 221 West 138 Street, Harlem, Manhattan
  • Market: Harlem, Manhattan
  • Zoning: R7-2

The buyer of the property is Davon J Snipes, while the seller is Raquel Ziegler.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Deal FAQ

About $832 per square foot on a published $3.7M for 4,476 square feet (2022).

Browse New York multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.26%

Cash-on-Cash

-1.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets