Prana Investments pays $13.75M to Martin Kirzner for 105-unit package in Central Harlem

Prana Investments paid $13.75 million to Martin Kirzner for five multifamily properties with 105 units in Central Harlem in four separate transactions.

In the first, Prana through the entity 55 W. 129th St. NYC LLC paid Martin Kirzner’s 55 West 129 LLC $5.2 million for 55 West 129th Street in Central Harlem. The deal closed on April 14, 2020, and was recorded on April 22, 2020. The transaction consists of 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 40 residential units. The property is 38,700 square feet.
The sale price per unit is $128,750.

This sale went into contract on October 31, 2019. The last time the property sold was March 23, 2011, for $3,150,000.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

In the second, Prana through the entity 216 & 224 W. 141st St. LLC paid Martin Kirzner’s 216-224 West 141 LLC $3.4 million for 216 West 141st Street, 224 West 141st Street in Central Harlem. The deal closed on April 14, 2020, and was recorded on April 22, 2020. The transaction consists of 2 parcels, including the tax class multifamily, over six families without stores (C1) and containing 31 residential units. The property is 13,136 square feet.
The sale price per unit is $109,677.

The last time the property sold was March 23, 2011, for $1,800,000.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

In the third, Prana through the entity 2570-2572 Acp Blvd. LLC paid Martin Kirzner’s 2570 Acp LLC $3.1 million for 2570 Adam C Powell Blvd, 2572 Adam C Powell Blvd in Central Harlem. The deal closed on April 14, 2020, and was recorded on April 22, 2020. The transaction consists of 2 parcels, including the tax class multifamily, more than six families with stores (C7) and containing 18 residential units. The property is 9,432 square feet.
The sale price per unit is $169,444..

The last time the property sold was March 23, 2011, for $1,450,000.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

In the fourth, Prana through the entity 144 W. 144th St. LLC paid Martin Kirzner’s 144 West 144 LLC $2.2 million for 144 West 144th Street in Central Harlem. The deal closed on April 14, 2020, and was recorded on April 22, 2020. The transaction consists of 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 16 residential units. The property is 19,349 square feet.
The sale price per unit is $134,375.

The last time the property sold was March 23, 2011, for $1,050,000.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link