Updated Oct 29, 2024
West Harlem Group Assistance Acquires Multifamily Property In Harlem For $9.7M
363 Edgecombe Avenue, Manhattan, New York, NY, USA
$9,655,000
$380/SF
Building Size
25,390 SF
Asset Type
MultiFamily
Closing
Nov 16, 2020
About this deal
AI
The property involved in this transaction is a multifamily asset located at 363 & 367 Edgecombe Avenue in Harlem. The property is zoned as R8A and spans a total square footage of 25,390. The sale took place on November 17, 2020.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,655,000
- Address: 363 & 367 Edgecombe Avenue
- Market: Harlem
- Zoning: R8A
The buyer in this transaction is West Harlem Group Assistance represented by Donald Notice. The seller is C-Hattan Inc., represented by John Schreiber. The property was sold at a price of $9,655,000, with a price per square foot of $380. The previous sale of the property occurred in October 2018 for a price of $12,500,000.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.64%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93