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40 W 127th St, New York, NY...

Dan Rozenblatt Acquires Multifamily Property In Harlem For $11.375M
SOLDMultiFamily

Dan Rozenblatt Acquires Multifamily Property In Harlem For $11.375M

40 W 127th St, New York, NY 10027, USA

$11,375,000

$513/SF

Building Size

22,164 SF

Asset Type

MultiFamily

Closing

Aug 28, 2018

AI

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.

Players

Peter Von Der Ahe

Marcus & Millichap

Broker

$1.4B

vol

110 deals

Broker

Dan Rozenblatt

Buyer

$126M

vol

4 deals

Buyer

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

1.39%

Cash-on-Cash

-0.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93