Updated Sep 11, 2026
Ariel Property Advisors Facilitates $16.2M Multifamily Sale In Manhattan Valley
992-1000 Amsterdam Avenue
$16,200,000
$355/SF
Building Size
45,576 SF
Asset Type
MultiFamily
Closing
Dec 21, 2022
About this deal
AI
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.
On the Map
Players
Manhattan Valley 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
0.98%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93