Updated Dec 4, 2024
Louisa St. Pierre Purchases Manhattan Valley Multifamily Property From Anthony Cauchi For $4.5M
134 Manhattan Avenue
$4,500,000
$1,363/SF
Building Size
3,300 SF
Asset Type
MultiFamily
Closing
Jun 27, 2024
About this deal
AI
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:
- Property Type: Multifamily
- Transaction Amount: $4,500,000
- Address: 134 Manhattan Avenue
- Market: Manhattan Valley
- Units: 2
- Square Footage: 3,300
- Price Per Unit: $2,250,000
- Price Per Square Foot: $1,364
- Buyer: Louisa St. Pierre
- Seller: Anthony Cauchi
- Buyer's Representative: Steve Schaefer - Serhant
- Seller's Representatives: Collin Montgomery & Stan Ponte - Sotheby's International Realty
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.
On the Map
$4,500,000
$1,363/SF
MultiFamily
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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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93