Updated Jul 31, 2025
KP Developers Acquires Multifamily Property From Juanita Family In Central Harlem For $4M
42 West 128th Street
Building Size
4,000 SF
Asset Type
MultiFamily
Closing
Jul 24, 2025
About this deal
AI
The transaction involves a multifamily asset located at 42 West 128th Street in Central Harlem. The property encompasses a total square footage of 4,000. The transaction was completed on July 25, 2025.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 42 West 128th Street
- Market: Central Harlem
- Buyer: KP Developers
- Seller: Juanita family
KP Developers, acting as the buyer in this transaction, has finalized the acquisition from the Juanita family, who served as the seller. The closing of this sale marks a significant transfer of ownership in the Central Harlem market.
On the Map
MultiFamily
View full map
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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