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
7,272 SF
Asset Type
MultiFamily
Closing
Jun 29, 2018
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.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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