Steven Kachanian, Jacob Namdar, & Adam Hajibai Acquire West Harlem Multifamily For $3.6M
502 West 135th Street, Manhattan, New York, NY, USA
$3,600,000
$189/SF
Building Size
19,000 SF
Asset Type
MultiFamily
Closing
Apr 11, 2019
AI
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.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93