Palladium Group Acquires Harlem Multifamily Properties For $5.77M

A multifamily property located at 523 W 138th St., 524 W 134th St., and 509 W 134th St. in Harlem has been sold. The property spans a total area of 46,012 square feet and consists of 63 units. The asking price for the property was $6,000,000, and it was eventually sold for $5,765,547, at a price per square foot of $125. The price per unit was $91,500.

Summary of transaction details:

• Property Type: Multifamily
• Sale Price: $5,765,547
• Square Footage: 46,012
• Units: 63

The seller of the property was Eugene Cundelan, and the buyer was Palladium Group, represented by Abraham Miller. The deal was facilitated by broker David Gerstel.