facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

223 West 138th Street

Elaine Perry Of Perry Associates Represents Buyer In $1.85M Central Harlem Multifamily Sale
SOLDMultiFamily

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

Michael A. Tortorici

Ariel Property Advisors

Broker

$908.9M

vol

48 deals

Broker
Ariel Property Advisors
Ariel Property AdvisorsBrokerage

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

8.57%

Cash-on-Cash

-2.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93