Vishakh Nln Acquires Multifamily In Manhattan Valley For $3.27M
115 Manhattan Avenue, New York City, New York 10025, United States
$3,270,000
$908/SF
Building Size
3,600 SF
Asset Type
MultiFamily
Closing
Sep 30, 2021
AI
A multifamily property located at 115 Manhattan Avenue in Manhattan Valley has been sold for $3,270,000. The property has a building square footage (BSF) of 3,096 and a price per BSF (PPBSF) of $1,056. The total square footage (SF) is 3,600, with a price per square foot (PPSF) of $908. The property is zoned as R7-2 and has a floor area ratio (FAR) of 4.00. It falls under tax class 1. The lot size is 900, with dimensions of 18 ft x 50 ft.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,270,000
- Market: Manhattan Valley
- Zoning: R7-2
The buyer of the property is Vishakh Nln, while the seller is Irena Bramos. The transaction was facilitated by broker George Vanderploeg from Douglas Elliman.
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.85%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93