Updated Feb 21, 2025
Joseph Jemal CERProperties Acquires Multifamily Assets In Central Harlem For $3.55M
235 West 131st Street, Manhattan, New York, NY, USA
$3,550,000
$295/SF
Building Size
12,000 SF
Asset Type
MultiFamily
Closing
Jan 13, 2021
About this deal
AI
A multifamily property located at 235 & 255 West 131st Street and 304 W. 137th St. in Central Harlem has been sold for a price of $3,550,000. The property spans approximately 12,000 square feet, resulting in a price per square foot of $296. The transaction took place on January 14, 2021.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $3,550,000
- Address: 235 & 255 West 131st Street, 304 W. 137th St.
- Market: Central Harlem
- Buyer: Joseph Jemal CERProperties
- Seller: Green Park One Corp - Jae Yang, Advent Sabbath Church, Arthur Lloyd Jefferson Trust
Joseph Jemal, representing CERProperties, purchased the property from Green Park One Corp. The seller entities involved in the transaction include Jae Yang, Advent Sabbath Church, and Arthur Lloyd Jefferson Trust.
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
4.47%
Cash-on-Cash
-1.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93