Updated Dec 19, 2023
Zack Kantor Acquires Multifamily Property On Saint Nicholas Avenue In Harlem For $4.5M
813 St Nicholas Ave, New York, NY 10031, USA
$4,500,000
$39/SF
Building Size
113,500 SF
Asset Type
MultiFamily
Closing
Feb 20, 2020
About this deal
AI
The multifamily property located at 813 Saint Nicholas Avenue in Harlem has been sold in a closed transaction. The property features a total of 10 units and spans a total area of 11,350 square feet. The asking price for the property was $4,750,000, and it was eventually sold for $4,500,000. This translates to a price per square foot of $396. The buyer, Zack Kantor, acquired the property from the seller, Raquel Brown. The deal was facilitated by broker Josh Lipton.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,500,000
- Address: 813 Saint Nicholas Avenue
- Market: Harlem
- Asking Price: $4,750,000
- Square Footage: 11,350
- Price Per Square Foot: $396
- Units: 10
- Seller: Raquel Brown
- Buyer: Zack Kantor
- Broker: Josh Lipton
Zack Kantor successfully acquired the multi-unit property at 813 Saint Nicholas Avenue in Harlem for a price of $4,500,000. The property offers a total of 10 units and measures approximately 11,350 square feet, resulting in a price per square foot of $396. Raquel Brown acted as the seller, while Josh Lipton served as the broker in this transaction.
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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93