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126 1st Avenue

S&H Equities Inc Sells Manhattan Multifamily Portfolio For $80.5 Million With JLL Brokers
SOLDMultiFamily

S&H Equities Inc Sells Manhattan Multifamily Portfolio For $80.5 Million With JLL Brokers

126 1st Avenue

$80,500,000

$1,261/SF

Building Size

63,807 SF

Asset Type

MultiFamily

Closing

May 20, 2026

AI

The transaction involved a portfolio of multifamily properties located at 126 1st Avenue, 90 Rivington Street, 96 Orchard Street, 153 Avenue C, 156 Orchard Street, 310 East 93rd Street, 181 East Houston Street, and 38-40 Carmine Street in Manhattan. The total sale price for this portfolio was $80,500,000, with a square footage of 63,807, resulting in a price per square foot of $1,261.

Summary of transation details:

Key individuals involved in this transaction included Vickram Jambu, Hall Oster, Teddy Galligan, Rob Hinckley, Guthrie Garvin, and Jonathan Hageman who represented the seller, S&H Equities Inc. Notable assistance was provided by Sage Ossa from S&H’s management team during this transaction.

Players

Jonathan Hageman

JLL

Broker

$2.6B

vol

60 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

0.20%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93