Rick Herman - Prana Investments Acquires Multifamily Property In East Harlem For $1.8M

The multifamily property located at 309 East 110th Street in East Harlem has been sold in a closed transaction. The property consists of 15 units, with a total square footage of 9,100. The asking price for the property was $2,400,000, and it was sold for $1,800,000, resulting in a price per square foot of $197. The buyer of the property is Rick Herman, representing Prana Investments, while the seller is Dante Cappi. The transaction was facilitated by brokers Jordan Sutton, Robert Shapiro, and Tyler Signora.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,800,000
• Address: 309 East 110th Street
• Market: East Harlem
• Square Footage: 9,100
• Asking Price: $2,400,000
• Price per Square Foot: $197
• Units: 15

The deal involved Rick Herman representing Prana Investments as the buyer and Dante Cappi as the seller. The transaction was successfully conducted with the assistance of brokers Jordan Sutton, Robert Shapiro, and Tyler Signora.