Ariel Property Advisors Facilitates $16.2M Multifamily Sale In Manhattan Valley
SOLD
$16,200,000
+ 1
National
See Similar DealsMultiFamily45,576 SF
Sold 12/21/2022
SOLD
Ariel Property Advisors Facilitates $16.2M Multifamily Sale In Manhattan Valley
992-1000 Amsterdam Avenue
See Similar DealsMultiFamily45,576 SF
Sold 12/21/2022
+ 1
Summary
Asset Type:MultiFamily
Price Per Square Foot:$355
Total Square Footage:45,576 SF
Transaction Type:Sale
A multifamily property located at 992-1000 Amsterdam Avenue in Manhattan Valley has been sold for a total of $16,200,000. The property consists of 59 units, resulting in a price per unit of $274,576. The total square footage of the property is 45,576, with a price per square foot of $355.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $16,200,000
- Units: 59
- Price per Unit: $274,576
- Square Footage: 45,576
- Price per Square Foot: $355
- Address: 992-1000 Amsterdam Avenue
- Market: Manhattan Valley
Ariel Property Advisors represented the seller during this transaction. The brokers involved in the deal were Victor Sozio, Shimon Shkury, Howard Raber, and Evan Hirsch.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$864,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$57,555.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$76,796.26
Annual Debt Service$921,555.18
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