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134 Manhattan Avenue

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

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

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:

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

Sotheby's International Realty

Broker

$20.6M

vol

3 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

3.53%

Cash-on-Cash

-1.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93