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36 West 128th Street, Manha...

Updated Dec 21, 2023

Daniel Clark Acquires Multi Family Property In Harlem For $3.675M
SOLDMultiFamily

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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Deal FAQ

About $565 per square foot on a published $3.7M for 6,504 square feet (2021).

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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

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