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305 East 109th Street

Jack Geula Acquires Multifamily Properties In Harlem From Chris Cappi For $4.4M
SOLDMultiFamily

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

$4,400,000

$114/SF

Building Size

38,342 SF

Asset Type

MultiFamily

Closing

Nov 4, 2025

AI

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

Michael Fusco

Marcus & Millichap

Broker

$576.1M

vol

88 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

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

3.61%

Cash-on-Cash

-1.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93