Updated Dec 18, 2023
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
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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