Macusur Family Acquires Multifamily Property In Lenox Hill For $6.3M
1226 2nd Avenue
$6,300,000
$724/SF
Building Size
8,700 SF
Asset Type
MultiFamily
Closing
May 30, 2024
AI
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
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
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93