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1226 2nd Avenue

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

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

Logan Markley

Marcus & Millichap

Broker

$970.7M

vol

70 deals

Broker
Joseph (Joe) Koicim
Verified Badge

Joseph Koicim

Marcus & Millichap

Broker

$2.7B

vol

174 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

2.52%

Cash-on-Cash

-0.72%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93