Updated Sep 5, 2024
Nisthalal Family Acquires Multifamily Property In Harlem For $1.775M
286 West 137th Street
$1,775,000
$417/SF
Building Size
4,247 SF
Asset Type
MultiFamily
Closing
Sep 29, 2022
About this deal
AI
The multifamily property located at 286 W. 137th St. in Harlem has been sold in a transaction. The property consists of 4 units with a total square footage of 4,247. The sale price for the property was $1,775,000, resulting in a price per unit of $443,750 and a price per square foot of $417.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,775,000
- Units: 4
- Price per Unit: $443,750
- Square Footage: 4,247
- Price per Square Foot: $417
The buyer of the property is the Nisthalal Family, while the seller is the Serel Family. The deal was facilitated by Michael Ferrara of Brax Realty, who represented the buyers in the transaction.
On the Map
$1,775,000
$417/SF
MultiFamily
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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
8.94%
Cash-on-Cash
-2.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93