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
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