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John Sismanoglou Acquires Multifamily Portfolio In Central Harlem For $12.64M

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SOLD
$12,640,000

New York

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MultiFamily436,628 SF
Sold 04/04/2024
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Property Image
SOLD

John Sismanoglou Acquires Multifamily Portfolio In Central Harlem For $12.64M

2394 7th Avenue South, 224 West 140th Street, 226 West 140th Street & 228 West 140th Street

See Similar Deals
MultiFamily436,628 SF
Sold 04/04/2024
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$28
Total Square Footage:436,628 SF
Transaction Type:Sale

The multifamily properties located at 2394 7th Avenue, 224 West 140th Street, 226 West 140th Street, and 228 West 140th Street in the Central Harlem market have been sold as a cluster by FS 140th LLC. The total sale price for these properties amounts to $12,640,000. The transaction involved a total of 113 units, with a price per unit of $111,858. The combined square footage for these properties is 109,157, with a price per square foot of $116.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $12,640,000
  • Address: 2394 7th Avenue, 224 West 140th Street, 226 West 140th Street, 228 West 140th Street
  • Market: Central Harlem
  • Units: 113
  • Price Per Unit: $111,858
  • Total Square Footage: 109,157
  • Price Per Square Foot: $116

John Sismanoglou is the buyer of the multifamily properties, while the deal was facilitated by Michael Fusco, Benny Katz, and Seth Glasser from Marcus & Millichap. The brokers played a pivotal role in ensuring a successful transaction for the seller and buyer involved in this significant real estate deal.

Players

Michael (Mike) Fusco
88 deals$576.1M volume(973) 865-6303
BROKER

Seth Glasser
Marcus & Millichap
125 deals$1.1B volume
BROKER

Benny Katz
Marcus & Millichap
34 deals$232.9M volume
BROKER

Details

SOLD
IMAGE: Michael Fusco, Seth Glasser & Benny Katz DATE: 04/04/2024 ADDRESS: 2394 7th Avenue, 224 West 140th Street, 226 West 140th Street & 228 West 140th Street - FS 140th LLC Cluster MARKET: Central Harlem ASSET TYPE: Multifamily BUYER: John Sismanoglou BROKERS: Michael Fusco (@Mike_Fusco_NYM), Benny Katz (@Bbbennis_2k) & Seth Glasser (@SethGlasser1) - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $12,640,000 UNITS: 113 ~ PPU: $111,858 SF: 109,157 ~ PPSF: $116

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