Updated Sep 3, 2025
Mariano Mollo And Anthony Citriglia Represent Seller In $1.72M Summit Multifamily Sale
7349 57th Street
$1,715,000
$155/SF
Building Size
11,050 SF
Asset Type
MultiFamily
Closing
Aug 21, 2025
About this deal
AI
The property asset involved in this transaction is a multifamily building located at 7349 57th Street in the Summit market. The sale price was $1,717,500, covering 17 units with a price per unit of $101,029. The total square footage of the asset is 11,050, which translates to a price per square foot of $155.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,717,500
- Units: 17
- Price Per Unit: $101,029
- Total Square Feet: 11,050
- Price Per Square Foot: $155
- Seller's Representative: Mariano Mollo - Avenue 1 Realty Group; Anthony Citriglia - Essex Realty Group
The key individuals involved in this transaction include seller's representatives Mariano Mollo from Avenue 1 Realty Group and Anthony Citriglia from Essex Realty Group, who facilitated the sale of the multifamily asset. Their contributions were instrumental in the completion of this transaction.
On the Map
$1,715,000
$155/SF
MultiFamily
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Players
Summit Argo MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.25%
Cash-on-Cash
-2.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93