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Louisa St. Pierre Purchases Manhattan Valley Multifamily Property From Anthony Cauchi For $4.5M

Property Image
SOLD
$4,500,000

New York

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MultiFamily3,300 SF
Sold 06/27/2024
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Property Image
SOLD

Louisa St. Pierre Purchases Manhattan Valley Multifamily Property From Anthony Cauchi For $4.5M

134 Manhattan Avenue

See Similar Deals
MultiFamily3,300 SF
Sold 06/27/2024
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,363
Total Square Footage:3,300 SF
Transaction Type:Sale

The property located at 134 Manhattan Avenue in the Manhattan Valley market represents a multifamily asset. It comprises 2 units within a total of 3,300 square feet, with each unit priced at $2,250,000, resulting in a sale price of $4,500,000. The price per square foot is calculated at $1,364.

Summary of transaction details:

The transaction involved key individuals, including buyer Louisa St. Pierre and seller Anthony Cauchi. The negotiation was facilitated by Steve Schaefer representing the buyer from Serhant, while the seller was represented by Collin Montgomery and Stan Ponte from Sotheby's International Realty.

Players

Stan Ponte
3 deals$20.6M volume
BROKER

Steve Schaefer
Serhant
4 deals$16.1M volume
BROKER

Collin Montgomery
Sotheby's International Realty
1 deal$4.5M volume(646) 319-3114
BROKER

Details

SOLD
IMAGE: Steve Schaefer DATE: 06/27/2024 ADDRESS: 134 Manhattan Avenue MARKET: Manhattan Valley ASSET TYPE: Multifamily BUYER: Louisa St. Pierre SELLER: Anthony Cauchi BUYER'S REP: Steve Schaefer (@RocknRollaRealtor) - Serhant (@Serhant) SELLER'S REP: Collin Montgomery & Stan Ponte - Sotheby's International Realty SALE PRICE: $4,500,000 UNITS: 2 ~ PPU: $2,250,000 SF: 3,300 ~ PPSF: $1,364

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Deal Type
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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
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