Updated Dec 11, 2024
Joseph Jemal Acquires Multifamily Property In Harlem For $1.23M
242 W 132nd St, New York, NY 10027, USA
$1,230,000
$307/SF
Building Size
4,000 SF
Asset Type
MultiFamily
Closing
Nov 29, 2020
About this deal
AI
The multifamily property located at 242 W. 132nd St. in Harlem has been sold in a closed transaction. The property spans 4,000 square feet and was sold for a sale price of $1,230,000, resulting in a price per square foot of $308. The asking price for the property was $1,395,000.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,230,000
- Address: 242 W. 132nd St.
- Market: Harlem
- Square Footage: 4,000
- Price Per Square Foot: $308
The seller of the property was Mohammad Mujalli, while the buyer was Joseph Jemal from Icer Properties. The deal was facilitated by The Corcoran Group, who represented Joseph Jemal.
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
12.90%
Cash-on-Cash
-3.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93