SOLDMultiFamily
Prana Investments Acquires Multifamily Portfolio In Central Harlem For $80.6K At $170 PPSF
216 W 141st St, New York, NY 10030, USA
$13,750,000
$170/SF
Building Size
80,617 SF
Asset Type
MultiFamily
Closing
Apr 13, 2020
AI
A multifamily property transaction has taken place in Central Harlem. The property is located at 55 West 129th Street, 216 West 141st Street, 224 West 141st Street, 2570 Adam C Powell Blvd, 2572 Adam C Powell Blvd, and 144 West 144th Street.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $80,617
- Price per Square Foot: $170
- Number of Units: 105
- Price per Unit: $130,952
The buyer of the property is Prana Investments, and the seller is Martin Kirzner.
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
1.15%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93