Updated Dec 21, 2023
Steven Kachanian & Shawn Aziz Acquire 8-Unit Multifamily Property In Harlem For $1.95M
417 W 144th St, New York, NY 10031, USA
Building Size
48,000 SF
Asset Type
MultiFamily
Closing
May 16, 2018
About this deal
AI
The multi-family property located at 417 West 144th Street in Harlem, New York has been sold for a price of $1,950,000. Spanning across 4,800 square feet, the property consists of 8 units, including 6 rental units and 2 vacant units. The price per square foot for this transaction comes out to be around $406.
Summary of transation details
- Property Type: MultiFamily
- Transaction Amount: $1,950,000
- Square Footage: 4,800 sf
- Price Per Square Foot: $406
- Number of Units: 8 (6 RS & 2 vacant)
The seller of the property was Jeff Grabel, acting as a trustee. On the other hand, the buyers of this multi-family property were Steven Kachanian and Shawn Aziz, representing Klosed Properties.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93