Updated Dec 22, 2023
Menachem Wilhelm Acquires 72-Unit Multifamily In Graniteville For $7.5M
1290 Richmond Avenue, Staten Island, New York 10314, United States
$7,500,000
$113/SF
Building Size
66,285 SF
Asset Type
MultiFamily
Closing
Jul 14, 2022
About this deal
AI
Located at 1290 Richmond Avenue in Graniteville, this multifamily property was recently sold in a closed transaction. The sale took place on 07/15/2022, with a total of 72 units. The property spans a total of 66,285 square feet, contributing to a price per square foot of $113. The purchase price for this transaction was $7,500,000, resulting in a price per unit of $104,166.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $7,500,000
- Address: 1290 Richmond Avenue
- Market: Graniteville
The buyer of this property is Menachem Wilhelm, while the seller is David Weiss. It is important to note that no additional information is available about the individuals or companies involved in this transaction.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93