Daniel Cohen's Cohen Global LLC Acquires Multifamily Properties In Harlem For $2M

Daniel Cohen, through his company Cohen Global LLC, has closed on the acquisition of two adjacent 4-family brownstone properties located at 66 & 68 W 119th St in Harlem. The properties are currently configured as single room occupancies (SROs) and present a value-add opportunity. The sale price for this transaction was $2,000,000, resulting in a per unit price of $250,000. The total square footage of the properties is 6,776, making the price per square foot $295. These brownstones also come with an additional 4,328 buildable square feet of air rights, further enhancing their potential.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,000,000
• Units: 8
• Price per Unit: $250,000
• Total Square Footage: 6,776
• Price per Square Foot: $295
• Market: Harlem

Daniel Cohen, representing Cohen Global LLC, expressed satisfaction with the purchase of these properties. He considers the block where they are located to be very attractive, given its position within the subsidiary market of Harlem. Cohen sees great potential in transforming the current SROs into a more lucrative property type. Furthermore, he is actively seeking similar value-add opportunities in all five boroughs and encourages interested parties to email their proposals to [email protected].