Dan Rozenblatt Acquires Multifamily Property In Harlem For $11.375M
SOLD
$11,375,000
New York
See Similar DealsMultiFamily22,164 SF
Sold 08/29/2018
SOLD
Dan Rozenblatt Acquires Multifamily Property In Harlem For $11.375M
40 W 127th St, New York, NY 10027, USA
See Similar DealsMultiFamily22,164 SF
Sold 08/29/2018
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$513
Total Square Footage:22,164 SF
Transaction Type:Sale
The multifamily property located at 40 West 127th Street in Harlem has been sold for a total of $11,375,000. With a total area of 22,164 square feet, the price per square foot comes to $513. The property consists of 24 units, making the price per unit $473,958.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,375,000
- Square Footage: 22,164
- Price per Square Foot: $513
- Number of Units: 24
- Price per Unit: $473,958
The seller of the property was Chris McNeur, representing Jima Inc. The buyer, on the other hand, was Dan Rozenblatt. The transaction was facilitated by brokers Peter Von Der Ahe, Seth Glasser, and Jacob Kahn.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$606,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$40,412.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$53,923.30
Annual Debt Service$647,079.64
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