Updated Dec 18, 2023
Immanuel Gilen Acquires Multifamily Property In Harlem For $2.775M
419 W 144th St, New York, NY 10031, USA
$2,775,000
$603/SF
Building Size
4,595 SF
Asset Type
MultiFamily
Closing
Nov 5, 2020
About this deal
AI
The multifamily property located at 419 W. 144th St. in Harlem has been sold in a recent transaction. The property, situated in the prized Hamilton Heights Historic District, is a 20' wide townhouse with free market units. The building has been owned and managed by the same family for 40 years.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,775,000
- Address: 419 W. 144th St., Harlem
- Market: Harlem
- Zoning: R6A
- BSF (Building Square Footage): 5,994
- PPBSF (Price per Building Square Foot): $462
- SF (Lot Square Footage): 4,595
- PPSF (Price per Square Foot): $603
- Tax Class: 2A
The buyer of the property is Immanuel Gilen, while the seller is Ian MacGregor. The transaction was facilitated by brokers Josh Lipton and Andrew Levine from Invictus Property Advisors. The sale price reflects a 3.5% cap rate on existing income.
For more information on this transaction or other investment sales listings in NYC, you can contact:
Josh Lipton
☎️ (212) 596-7579
✉️ [email protected]
Andrew Levine
☎️ (212) 596-7570
✉️ [email protected]
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.72%
Cash-on-Cash
-1.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93