Updated Sep 11, 2026
SOLDMultiFamily
Marcus & Millichap Sells Multifamily Asset In Harlem For $3.5M
274 West 119th Street
$3,500,000
$384/SF
Building Size
9,100 SF
Asset Type
MultiFamily
Closing
Jan 19, 2022
About this deal
AI
Located in Harlem, the multifamily property at 274 West 119th Street has recently changed hands in a closed transaction. The sale of this property was facilitated by brokers Seth Glasser and Jake Kahn from Marcus & Millichap. The deal was finalized on January 20, 2022, with a sale price of $3,500,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,500,000
- Address: 274 West 119th Street
- Market: Harlem
- Brokers: Seth Glasser & Jake Kahn - Marcus & Millichap
The property consists of 20 units, resulting in a price per unit (PPU) of $175,000. It spans across approximately 9,100 square feet, with a price per square foot (PPSF) of $384.
On the Map
$3,500,000
$384/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93