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

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.