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
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