Updated Aug 22, 2025
Shel Capital Acquires 9-Unit Multi Family Property In Manhattan For $6.6M
267 W 139th St, New York, NY 10030, USA
$6,600,000
$448/SF
Building Size
14,715 SF
Asset Type
MultiFamily
Closing
Jun 20, 1918
About this deal
AI
Shel Capital, represented by Jon Bakhash, Rony Kravel, and Austen Rabbie, has acquired a multi-family property located at 267 West 139th Street in the Manhattan market of New York. The property, which was delivered vacant, consists of 6 residential units and 3 retail units. The transaction was closed for a price of $6,600,000.
Summary of transaction details
- Property Type: Multi Family (Delivered Vacant)
- Transaction Amount: $6,600,000
- Address: 267 West 139th Street
- Market: Manhattan
- City: New York
The buyer, Shel Capital, represented by its members Jon Bakhash, Rony Kravel, and Austen Rabbie, successfully purchased the property from Corigin Real Estate. This acquisition adds to Shel Capital's portfolio in the Manhattan market.
On the Map
$6,600,000
$448/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.40%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93