Sun Management Acquires Hamilton Heights Multifamily For $5.1M

The multifamily property located at 400 W. 153rd St in Hamilton Heights has been sold for $5,100,000. Spanning across 25,093 square feet, the property consists of 24 units, resulting in a price per square foot of $203. The transaction was completed at a 5.2% capitalization rate.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $5,100,000
• Square Footage: 25,093
• Price Per Square Foot: $203
• Number of Units: 24
• Price Per Unit: $204,000
• Seller: Maurice Mann – Mann Realty Associates
• Buyer: Ivan & Danielle Sun – Sun Management
• Brokers: Amit Doshi & Shallini Mehra – Meridian Capital Group

Amit Doshi and Shallini Mehra from Meridian Capital Group represented both the buyer, Ivan & Danielle Sun from Sun Management, and the seller, Maurice Mann from Mann Realty Associates, in this transaction.