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Seth Glasser & Michael Fusco Of Marcus & Millichap Sell Finite Homes Portfolio For $14.48M

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SOLD
$14,480,852

New York

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Seth Glasser & Michael Fusco Of Marcus & Millichap Sell Finite Homes Portfolio For $14.48M

9 East 131st Street

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MultiFamily110,936 SF
Sold
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$130
Total Square Footage:110936 SF
Transaction Type:Sale

The sale involved the Finite Homes Portfolio located in Central Harlem, comprising several addresses: 9 East 131st Street, 11 East 125th Street, 18 East 126th Street, 19-21 East 127th Street, 22 East 125th Street, 22 East 127th Street, 49 East 130th Street, 1974 Madison Avenue, 1986 Madison Avenue, 1988 Madison Avenue, 2013 5th Avenue, and 2071 5th Avenue. The transaction price was $14,480,852, covering a total square footage of 110,936 with a price per square foot of $180.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $14,480,852
  • Square Footage: 110,936
  • Price Per Square Foot: $180
  • Market: Central Harlem
  • Addresses: 9 East 131st Street, 11 East 125th Street, 18 East 126th Street, 19-21 East 127th Street, 22 East 125th Street, 22 East 127th Street, 49 East 130th Street, 1974 Madison Avenue, 1986 Madison Avenue, 1988 Madison Avenue, 2013 5th Avenue, 2071 5th Avenue

Seth Glasser and Michael Fusco of Marcus & Millichap represented the seller in this transaction, facilitating the deal in the multifamily asset market of Central Harlem.

Players

Michael (Mike) Fusco
84 deals$568.3M volume(973) 865-6303
BROKER

Seth Glasser
Marcus & Millichap
118 deals$1.1B volume
BROKER

Details

SOLD
IMAGE: Seth Glasser & Michael Fusco DATE: 12/19/2025 ADDRESS: Finite Homes Portfolio - 9 East 131st Street, 11 East 125th Street, 18 East 126th Street, 19-21 East 127th Street, 22 East 125th Street, 22 East 127th Street, 49 East 130th Street, 1974 Madison Avenue, 1986 Madison Avenue, 1988 Madison Avenue, 2013 5th Avenue & 2071 5th Avenue MARKET: Central Harlem ASSET TYPE: Multifamily BROKERS: Seth Glasser (@SethGlasser1) & Michael Fusco (@Mike_Fusco_NYM) - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $14,480,852 SF: 110,936 ~ PPSF: $180

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$772,312.10

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$51,447.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$68,646.63
Annual Debt Service$823,759.52