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313 W 138th St, New York, N...

Updated Oct 29, 2024

Friedman MGMT Corp & Gibraltar MGMT Acquires Multi Family Property In Harlem For $1.87M
SOLDMultiFamily

Friedman MGMT Corp & Gibraltar MGMT Acquires Multi Family Property In Harlem For $1.87M

313 W 138th St, New York, NY 10030, USA & 313 W 138th St, New York, NY 10030, USA

Building Size

3,636 SF

Asset Type

MultiFamily

Closing

Jun 29, 2018

About this deal

AI

313 W. 138th St in Harlem, NYC has recently been sold in a closed property transaction. The multi-family property consists of 8 units and spans across a total area of 3,636 square feet. The sale price for this property was $1,870,000, resulting in a price per square foot of $514. This indicates a unit price of approximately $233,000 per unit. The seller of this property was Carol Marlowe.

Summary of transaction details:

  • Property Type: Multi Family
  • Transaction Amount: $1,870,000
  • Number of Units: 8
  • Price per Square Foot: $514
  • Seller: Carol Marlowe

Friedman Management Corporation and Gibraltar Management JV were the buyers in this transaction. The buyers were represented by Harlan Simon, while Brian Silvestry acted as the seller's representative.

On the Map

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MultiFamily

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Players

Brian Silvestry

Broker

1 deal

Broker
FC
Friedman MGMT CorpBuyer

Carol Marlowe

Seller

2 deals

Seller
Bilt advertisement

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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