Gatsby Enterprises Acquires 100-Unit Multifamily In Washington Heights For $20M
690 Fort Washington Ave, New York, NY 10040, USA
$20,000,000
$221/SF
Building Size
90,446 SF
Asset Type
MultiFamily
Closing
Feb 19, 2020
AI
The multifamily property located at 690 Ft Washington Avenue in Washington Heights has been involved in a closed transaction. The property consists of 100 units and was acquired by Gatsby Enterprises, represented by Nader Ohebshalom. The transaction was facilitated by CapitalOne, who provided a loan amount of $20,000,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $20,000,000
- Address: 690 Ft Washington Avenue
- Market: Washington Heights
Gatsby Enterprises, led by Nader Ohebshalom, successfully completed the acquisition of the property located at 690 Ft Washington Avenue in Washington Heights. The transaction was made possible through a loan provided by CapitalOne.
New York 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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93