Updated Dec 21, 2023
Daniel Clark Acquires Multi Family Property In Harlem For $3.675M
36 West 128th Street, Manhattan, New York, NY, USA
$3,675,000
$565/SF
Building Size
6,504 SF
Asset Type
MultiFamily
Closing
Sep 28, 2021
About this deal
AI
The multi-family property located at 36 West 128 Street in Harlem, Manhattan has been sold. The transaction took place on September 29, 2021. The property is zoned as R7-2 and has a lot size of 2,498 square feet. Its dimensions measure 25 feet by 99.92 feet. The property has a floor area ratio (FAR) of 2.60 and falls under tax class 2A.
Summary of transaction details:
- Property Type: Multi Family
- Transaction Amount: $3,675,000
- Address: 36 West 128 Street, Harlem, Manhattan
- Market: Harlem, Manhattan
- Zoning: R7-2
The buyer of the property is Daniel Clark, while the seller is Sean Tyroler. The property was sold for a price of $3,675,000, resulting in a building square footage (BSF) of 8,593 and a price per building square footage (PPBSF) of $428. The total square footage (SF) of the property is 6,504, with a price per square footage (PPSF) of $565.
It is worth noting that the property was previously sold on April 15, 2010, for a price of $980,000. The transaction represents a significant increase in value since then.
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
4.32%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93