Updated Oct 26, 2026
Victor Sigoura's Legion Investment Group Acquires 1497 3rd Avenue Multifamily Property For $12.5M
1497 3rd Avenue
$12,500,000
$1,279/SF
Building Size
9,767 SF
Asset Type
MultiFamily
Closing
Sep 24, 2026
About this deal
AI
A multifamily property located at 1497 3rd Avenue in Manhattan was sold for $12,500,000. The asset spans 9,767 square feet, resulting in a price per square foot of $1,280.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $12,500,000
- Address: 1497 3rd Avenue
- Market: Manhattan
- Square Footage: 9,767
- Price per Square Foot: $1,280
- Buyer: Victor Sigoura - Legion Investment Group
- Seller: Samy Mahfar - SMA Equities
- Date of Transaction: September 24, 2026
Victor Sigoura, leading Legion Investment Group, has expanded their portfolio with this acquisition from Samy Mahfar of SMA Equities. The transaction illustrates a strategic move within the Manhattan real estate market, reflecting ongoing developments in multifamily housing investments.
On the Map
$12,500,000
$1,279/SF
MultiFamily
View full map
Players
Tall Timbers MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Samy Mahfar to view all their deals.
Browse Tall Timbers multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93