Updated May 28, 2026
Isaac Pinto Acquires Multifamily Asset At 7 New York Avenue NE For $26.88M With Debt And Equity
7 New York Avenue Northeast
$26,875,000
$450/SF
Building Size
59,718 SF
Asset Type
MultiFamily
Closing
Apr 22, 2026
About this deal
AI
The multifamily asset involved in this transaction encompasses 59,718 square feet, situated at 7 New York Avenue Northeast in Washington, DC. The total capital amount for the deal is $26,875,000, which combines both debt and equity financing.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $26,875,000
- Address: 7 New York Avenue Northeast
- Market: Washington, DC
- Capital Type: Debt & equity
- Lender: Benjamin Goldberg
- Landlord: Isaac Pinto
- Broker Representatives: Max Hulsh, Max Herzog & Marko Kazanjian - Institutional Property Advisors
This deal features key individuals such as Isaac Pinto, who serves as the landlord, and Benjamin Goldberg, acting as the lender. The brokerage team consisted of Max Hulsh, Max Herzog, and Marko Kazanjian from Institutional Property Advisors, who facilitated the transaction.
On the Map
$26,875,000
$450/SF
MultiFamily
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Players
Washington MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93