Steven Kachanian, Jacob Namdar, & Adam Hajibai Acquire West Harlem Multifamily For $3.6M
SOLD
$3,600,000
+ 1
New York
See Similar DealsMultiFamily19,000 SF
Sold
SOLD
Steven Kachanian, Jacob Namdar, & Adam Hajibai Acquire West Harlem Multifamily For $3.6M
502 West 135th Street, Manhattan, New York, NY, USA
See Similar DealsMultiFamily19,000 SF
Sold
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$189
Total Square Footage:19000 SF
Transaction Type:Sale
A multifamily property located at 502 W 135th St in West Harlem has been sold for $3,600,000. The property spans 19,000 square feet with a price per square foot of $189. It consists of 25 units, resulting in a price per unit of $144,000. The transaction took place on April 12, 2019.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $3,600,000
- Square Footage: 19,000
- Price per Square Foot: $189
- Units: 25
- Price per Unit: $144,000
- Address: 502 W 135th St, West Harlem
The buyers of the property are Steven Kachanian, Jacob Namdar, and Adam Hajibai, represented by Klosed Properties. The seller is the Pecora Family. Jack Zalta from Rosewood Realty Group acted as the broker in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$192,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04
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