Elaine Perry Of Perry Associates Represents Buyer In $1.85M Central Harlem Multifamily Sale
SOLD
$1,850,000
+ 1
New York
See Similar DealsMultiFamily3,893 SF
Sold 09/10/2025
SOLD
Elaine Perry Of Perry Associates Represents Buyer In $1.85M Central Harlem Multifamily Sale
223 West 138th Street
See Similar DealsMultiFamily3,893 SF
Sold 09/10/2025
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$475
Total Square Footage:3,893 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$98,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,572.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,769.94
Annual Debt Service$105,239.33
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