Updated Feb 2, 2026
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
About this deal
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.
On the Map
$11,375,000
$513/SF
MultiFamily
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Players
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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