Rick Herman's Prana Investments Acquires Inwood Multifamily For $8.75M

The multifamily property located at 517 West 212th Street in Inwood has been successfully sold in a closed transaction. The property spans a total of 34,900 square feet and was listed with an asking price of $10,495,000. The final sale price was reported at $8,750,000, resulting in a price per square foot of $250.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $8,750,000
• Address: 517 West 212th Street
• Market: Inwood

The sellers of the property were Frank & Peter Pecora of Teams Management, while the buyer was Rick Herman of Prana Investments. The transaction was facilitated by Marco Lala, Jack Lala, David Raciti, and Michelle Lala from an undisclosed agency.