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813 St Nicholas Ave, New Yo...

Updated Dec 19, 2023

Zack Kantor Acquires Multifamily Property On Saint Nicholas Avenue In Harlem For $4.5M
SOLDMultiFamily

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.

Players

Josh Lipton

Invictus Property Advisors

Broker

$1.3B

vol

103 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $39 per square foot on a published $4.5M for 113,500 square feet (2020).

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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

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