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:
- Property Type: Multifamily
- Transaction Amount: $80,500,000
- Square Footage: 63,807
- Price per Square Foot: $1,261
- Seller: S&H Equities Inc
- Broker Representatives: Vickram Jambu, Hall Oster, Teddy Galligan, Rob Hinckley, Guthrie Garvin & Jonathan Hageman - JLL
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
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