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Macusur Family Acquires Multifamily Property In Lenox Hill For $6.3M

Property Image
SOLD
$6,300,000
Zan Colin
Logan Markley
+ 2

New York

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MultiFamily8,700 SF
Sold 05/30/2024
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Property Image
SOLD

Macusur Family Acquires Multifamily Property In Lenox Hill For $6.3M

1226 2nd Avenue

See Similar Deals
MultiFamily8,700 SF
Sold 05/30/2024
Zan Colin
Logan Markley
+ 2
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$724
Total Square Footage:8,700 SF
Transaction Type:Sale

The multifamily property located at 1226 2nd Avenue in Lenox Hill, Manhattan was recently sold for $6,300,000. The property consists of 7 units with a total square footage of 5,700. The price per unit was $900,000, and the price per square foot was $1,105.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $6,300,000
  • Units: 7
  • Price per Unit: $900,000
  • Square Footage: 5,700
  • Price per Square Foot: $1,105
  • Address: 1226 2nd Avenue
  • Market: Lenox Hill, Manhattan

The seller of the multifamily property was the Vogliano Family, while the buyer was the Macusur Family. Representing the seller in the deal were Joseph Koicim, Logan Markley, and Zan Colin from Marcus & Millichap. On the buyer's side, Sachin Surujpaul from Sur Group LLC facilitated the transaction.

Players

Logan Markley
70 deals$970.7M volume(212) 430-5194
BROKER

Joseph (Joe) Koicim
Marcus & Millichap
172 deals$2.7B volume(212) 430-5147
BROKER

Zan Colin
Marcus & Millichap
24 deals$308M volume
BROKER

Kory Barbanel
6 deals$127.6M volume(732) 616-1481
BROKER

Sachin Surujpaul
JRS Realty Management
14 deals$25.3M volume
BROKER

Details

SOLD
IMAGE: Logan Markley, Zan Colin, Joseph Koicim, Kory Barbanel & Sachin Surujpaul DATE: 05/30/2024 ADDRESS: 1226 2nd Avenue MARKET: Lenox Hill, Manhattan ASSET TYPE: Multifamily SELLER: Vogliano Family BUYER: Macusur Family SELLER'S REP: Joseph Koicim (@Joey1cap), Logan Markley (@LoganTMarkley), Zan Colin (@Zan_Colin) - Marcus & Millichap(@MarcusMillichapInc) BUYER'S REP: Sachin Surujpaul - Sur Group LLC (@SurGroupNYC) SALE PRICE: $6,300,000 UNITS: 7 ~ PPU: $900,000 SF: 5,700 ~ PPSF: $1,105

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$336,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,382.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,865.21
Annual Debt Service$358,382.57