Updated Sep 24, 2026
Benchmark Real Estate Group Acquires 49-Unit Multifamily In New York City For $26.85M
146 10th Avenue
$26,850,000
$1,037/SF
Building Size
25,875 SF
Asset Type
MultiFamily
Closing
Jun 28, 2023
About this deal
AI
Located at 146-150 Tenth Avenue in New York City, this multi-family property was recently sold in a closed transaction. The sale was facilitated by Logan Markley, Joe Koicim, Shaun Riney, and Chris Dintrone of Marcus & Millichap. The property was acquired by Benchmark Real Estate Group for a total sale price of $26,850,000.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $26,850,000
- Address: 146-150 Tenth Avenue, New York City
- Market: New York City
- Buyer: Benchmark Real Estate Group
- Brokers: Logan Markley, Joe Koicim, Shaun Riney, and Chris Dintrone - Marcus & Millichap
The property consists of 49 units with a price per unit (PPU) of $547,959. It spans a total area of 25,875 square feet, resulting in a price per square foot (PPSF) of $1,038.
On the Map
$26,850,000
$1,037/SF
MultiFamily
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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
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93