Updated Oct 29, 2024
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
About this deal
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.
The multifamily sale at 216 W 141st St, New York, NY 10030, USA in New York, New York sold for $13.8M in 2020. Reported inventory is 80,617 square feet across 105 units, or about 170 per square foot. Named participants on the 216 W 141st St, New York, NY 10030, USA sale are Martin Kirzner. This page is the New York, New York file for the 216 W 141st St, New York, NY 10030, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else sold near 216 W 141st St, New York, NY 10030, USA around 2020. Published consideration for 216 W 141st St, New York, NY 10030, USA is $13.8M, dated 2020. Cite this Prana Investments Acquires Multifamily Portfolio In Central Harlem For $80.6K At $170 PPSF sale when underwriting similar multifamily product around New York, New York.
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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