Jack Geula Acquires Multifamily Properties In Harlem From Chris Cappi For $4.4M
SOLD
$4,400,000
New York
See Similar DealsMultiFamily38,342 SF
Sold 11/05/2025
SOLD
Jack Geula Acquires Multifamily Properties In Harlem From Chris Cappi For $4.4M
305 East 109th Street, 307 East 109th Street & 326 East 109th Street
See Similar DealsMultiFamily38,342 SF
Sold 11/05/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$114
Total Square Footage:38,342 SF
Transaction Type:Sale
The transaction involved the sale of a multifamily asset comprising three addresses: 305 East 109th Street, 307 East 109th Street, and 326 East 109th Street located in the Harlem market of Manhattan. The sale price was $4,400,000, and the property has a total square footage of 13,296, equating to a price per square foot of $330.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,400,000
- Address: 305 East 109th Street, 307 East 109th Street & 326 East 109th Street
- Market: Harlem, Manhattan
- Square Footage: 13,296
- Price Per Square Foot: $330
- Buyer: Jack Geula
- Seller: Chris Cappi
- Brokers: Seth Glasser, Michael (Mike) Fusco & Christopher Mehran - Marcus & Millichap
This transaction was represented by brokers Seth Glasser, Michael (Mike) Fusco, and Christopher Mehran from Marcus & Millichap, who facilitated the deal between the buyer, Jack Geula, and the seller, Chris Cappi.
Players
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$234,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,632.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,858.24
Annual Debt Service$250,298.94
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