Elaine Perry Of Perry Associates Represents Buyer In $1.85M Central Harlem Multifamily Sale
223 West 138th Street
$1,850,000
$475/SF
Building Size
3,893 SF
Asset Type
MultiFamily
Closing
Sep 10, 2025
AI
The property involved in this transaction is a multifamily asset located at 223 West 138th Street in Central Harlem. The sale price for the property was $1,850,000, and it encompasses a total square footage of 3,893, resulting in a price per square foot of $475.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,850,000
- Address: 223 West 138th Street
- Market: Central Harlem
- Square Footage: 3,893
- Price per Square Foot: $475
- Buyer's Representative: Elaine Perry (EGPerry1) - Perry Associates
- Seller's Representatives: Michael Tortorici, Drew McWilliams & Paul Monaco - Ariel Property Advisors
Key individuals involved in the transaction include Elaine Perry representing the buyer, while the seller was represented by a team from Ariel Property Advisors, including Michael Tortorici, Drew McWilliams, and Paul Monaco.
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
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93