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34 West 139th Street

34 West 139th Street Multifamily With Parking Garage Sold For $31.5 Million
SOLDMultiFamily

34 West 139th Street Multifamily With Parking Garage Sold For $31.5 Million

34 West 139th Street

$31,500,000

$111/SF

Building Size

282,450 SF

Asset Type

MultiFamily

Closing

Oct 10, 2024

AI

The asset involved in the transaction is located at 34 West 139th Street in the Harlem market. This multifamily property includes a parking garage and features a total of 127 units. The sale price amounted to $31,500,000, with a price per unit of $248,031. The overall property encompasses a square footage of 172,920, resulting in a price per square foot of $182.

Summary of transaction details:

  • Property Type: Multifamily + Parking Garage
  • Transaction Amount: $31,500,000
  • Units: 127
  • Price Per Unit: $248,031
  • Square Footage: 172,920
  • Price Per Square Foot: $182

The transaction involved brokers Victor Sozio, Shimon Shkury, Remi Mandell, and Gabriel Elyaszadeh, who are representatives from Ariel Property Advisors. Their involvement contributed to the negotiation and finalization of the sale.

Players

Shimon Shkury

Ariel Property Advisors

Broker

$1.7B

vol

55 deals

Broker

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

0.50%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93