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Marcus & Millichap Sells Multifamily Property At 24 East 125th Street For $1.2M

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SOLD
$1,200,000

New York

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MultiFamily3,836 SF
Sold 07/03/2025
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Property Image
SOLD

Marcus & Millichap Sells Multifamily Property At 24 East 125th Street For $1.2M

24 East 125th Street

See Similar Deals
MultiFamily3,836 SF
Sold 07/03/2025
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$312
Total Square Footage:3,836 SF
Transaction Type:Sale

The property asset involved in this transaction is a multifamily building located at 24 East 125th Street in South Harlem, Manhattan. This building comprises 5 units, with a sale price of $1,200,000 and a total square footage of 3,836. The price per unit stands at $240,000, while the price per square foot is calculated at $312.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,200,000
  • Units: 5
  • Square Footage: 3,836
  • Price per Unit: $240,000
  • Price per Square Foot: $312

The deal was facilitated by brokers Seth Glasser, Michael Fusco, and Benjamin Myerow from Marcus & Millichap, representing the transaction in a professional capacity and contributing to the successful completion of the sale.

Players

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

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

Benjamin (Ben) Myerow
Marcus & Millichap
7 deals$19.7M volume(212) 430-5183
BROKER

Marcus & Millichap
BROKERAGE

Details

SOLD
IMAGE: Michael Fusco, Seth Glasser & Benjamin Myerow DATE: 7/3/2025 ADDRESS: 24 East 125th Street MARKET: South Harlem, Manhattan ASSET TYPE: Multifamily BROKERS: Seth Glasser (@SethGlasser1), Michael Fusco (@Mike_Fusco_NYM) & Benjamin Myerow - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $1,200,000 UNITS: 5 ~ PPU: $240,000 SF: 3,836 ~ PPSF: $312

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$64,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35