Two80 Real Estate Ventures Purchases Multifamily Asset From Marina Kafarski For $5,025,000
120 Haven Avenue
$5,025,000
$195/SF
Building Size
25,755 SF
Asset Type
MultiFamily
Closing
May 31, 2026
AI
The property asset sold is a multifamily building located at 120 Haven Avenue in Washington Heights. The sale was completed on June 1, 2026, for a total price of $5,025,000. The building encompasses a total area of 25,755 square feet, which translates to a price per square foot of $195.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,025,000
- Address: 120 Haven Avenue
- Market: Washington Heights
- Square Footage: 25,755
- Price Per Square Foot: $195
- Buyer: Two80 Real Estate Ventures
- Seller: Marina Kafarski
- Brokers: Seth Glasser, Michael (Mike) Fusco, Jake Kahn, Christopher Mehran - Marcus & Millichap
The transaction involved notable individuals including the buyer, Two80 Real Estate Ventures, and the seller, Marina Kafarski. The brokerage firm involved in facilitating this deal was Marcus & Millichap, represented by brokers Seth Glasser, Michael (Mike) Fusco, Jake Kahn, and Christopher Mehran.
Players
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
3.16%
Cash-on-Cash
-0.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93