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Bashkim Celaj Of Celaj Management Purchases Multifamily Property In Harlem For $6.3M

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SOLD
$6,300,000

New York

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MultiFamily23,640 SF
Sold 05/28/2026
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SOLD

Bashkim Celaj Of Celaj Management Purchases Multifamily Property In Harlem For $6.3M

9 West 110th Street

See Similar Deals
MultiFamily23,640 SF
Sold 05/28/2026
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$266
Total Square Footage:23,640 SF
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located at 9 West 110th Street in Harlem, Manhattan. The sale price was $6,300,000 for a building encompassing 23,640 square feet. The property consists of 29 units, resulting in a price per unit of $217,241 and a building square footage price of $266.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $6,300,000
  • Square Footage: 23,640
  • Price per Square Foot: $266
  • Units: 29
  • Price per Unit: $217,241
  • Building Square Footage: 40,135
  • Price per Building Square Foot: $157
  • Buyer: Bashkim Celaj - Celaj Management
  • Seller: Rickman family’s 9-11 Realty Associates
  • Closing Date: May 28, 2026
  • Recording Date: June 10, 2026

Celaj Management purchased the 29-unit walkup at this address through the entity Central Park North Realty Associates LLC. The transaction reflects a significant investment in the Harlem market, facilitated by the Rickman family’s representation through 9-11 Realty Associates.

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1 deal$6.3M volume
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Details

SOLD
IMAGE: Bashkim Celaj DATE: 05/28/2026 ADDRESS: 9 West 110th Street MARKET: Harlem, Manhattan ASSET TYPE: Multifamily BUYER: Bashkim Celaj - Celaj Management SALE PRICE: $6,300,000 SF: 23,640 - PPSF: $266 UNITS: 29 ~ PPU: $217,241 BSF: 40,135 ~ PPBSF: $157 NOTE: Celaj Management through the entity Central Park North Realty Associates LLC bought the 29-unit walkup at 9 Central Park North in Harlem from the Rickman family’s 9-11 Realty Associates for $6.3 million, a deal closed May 28, 2026 and recorded June 10, 2026.

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

$336,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,382.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,865.21
Annual Debt Service$358,382.57