Updated Oct 29, 2024
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
About this deal
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.
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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