Duna Real Estate Group Acquires Multifamily Property In Central Harlem For $2,825,000

The transaction involves a multifamily asset located at 436 Saint Nicholas Avenue and 438 Saint Nicholas Avenue in Central Harlem. The sale price was $2,825,000 for a total of 20 units, translating to a price per unit of $141,250. The property encompasses a total square footage of 14,735, resulting in a price per square foot of $191.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,825,000
• Buyer: Duna Real Estate Group
• Seller: Man Bood
• Broker: Eric Delafraz - Bridge Advisory Group
• Total Units: 20
• Square Footage: 14,735
• Price Per Unit: $141,250
• Price Per Square Foot: $191

Eric Delafraz from Bridge Advisory Group represented the seller, Man Bood, in this transaction. The broker highlighted that there is over $30 million under contract and $100 million in active on and off-market deals, indicating a robust involvement in various types of real estate including development sites, multifamily, value-add, office, NNN, and industrial deals.