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115 Manhattan Avenue, New Y...

Vishakh Nln Acquires Multifamily In Manhattan Valley For $3.27M
SOLDMultiFamily

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.

Players

George Vanderploeg

Douglas Elliman

Broker

$19M

vol

3 deals

Broker

New York 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

4.85%

Cash-on-Cash

-1.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93