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Marcus & Millichap Brokers Sell Multifamily Property In Harlem, Manhattan For $6.3M

Property Image
SOLD
$6,300,000
Joseph (Joe) Koicim
Benny Katz
Seth Glasser
+ 1

New York

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MultiFamily25,000 SF
Sold 04/27/2022
the dealplayerscompscontact
Property Image
SOLD

Marcus & Millichap Brokers Sell Multifamily Property In Harlem, Manhattan For $6.3M

30 Bradhurst Avenue, New York City, New York 10030, United States

See Similar Deals
MultiFamily25,000 SF
Sold 04/27/2022
Joseph (Joe) Koicim
Benny Katz
Seth Glasser
+ 1
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$252
Total Square Footage:25,000 SF
Transaction Type:Sale

Located at 30 Bradhurst Ave in Harlem, Manhattan, this multifamily property recently sold for $6,300,000. The sale was facilitated by Seth Glasser, Joe Koicim, Jake Kahn, and Benny Katz of Marcus & Millichap. The property consists of 25 units, with a price per unit of $252,000. Spanning 25,000 square feet, the property has a price per square foot of $252.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $6,300,000
  • Address: 30 Bradhurst Ave
  • Market: Harlem, Manhattan
  • Brokers: Seth Glasser, Joe Koicim, Jake Kahn, and Benny Katz - Marcus & Millichap
  • Units: 25
  • Price per Unit: $252,000
  • Square Footage: 25,000
  • Price per Square Foot: $252

The team at Marcus & Millichap played a key role in representing the buyer and seller in this transaction. With their expertise, they successfully closed the deal for the sale of this multifamily property in Harlem, Manhattan.

Players

Seth Glasser
Marcus & Millichap
Seth Glasser
125 deals$1.1B volume
BROKER
Joseph (Joe) Koicim
Marcus & Millichap
Joseph Koicim
172 deals$2.7B volume(212) 430-5147
BROKER
Benny Katz
Marcus & Millichap
Benny Katz
34 deals$232.9M volume
BROKER
Jake Kahn
Marcus & Millichap
Jake Kahn
29 deals$406.7M volume(516) 660-8075
BROKER

Details

SOLD
IMAGE: Joe Koicim, Seth Glasser, Jake Kahn & Benny Katz DATE: 04/27/2022 ADDRESS: 30 Bradhurst Ave. MARKET: Harlem, Manhattan ASSET TYPE: Multifamily BROKERS: Seth Glasser (@SethGlasser1), Joe Koicim (@Joey1CAP), Jake Kahn & Benny Katz (@Bbbennis_2k) - Marcus & Millichap (@MarcusMillichap_NY) SALE PRICE: $6,300,000 UNITS: 25 ~ PPU: $252,000 SF: 25,000 ~ PPSF: $252

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

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,382.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,865.21
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