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David R. Mashaal Acquires Apartment Building In Manhattan Valley For $7.5M

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SOLD
$7,500,000

New York

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MultiFamily11,303 SF
Sold 04/12/2022
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Property Image
SOLD

David R. Mashaal Acquires Apartment Building In Manhattan Valley For $7.5M

150 Manhattan Avenue, New York City, New York 10025, United States

See Similar Deals
MultiFamily11,303 SF
Sold 04/12/2022
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$663
Total Square Footage:11,303 SF
Transaction Type:Sale

The apartment building located at 150 Manhattan Avenue in Manhattan Valley, Manhattan has been sold in a recent transaction. The property is zoned as R8 and is classified as an apartment building. The sale took place on April 12, 2022.

Summary of transaction details:

  • Property Type: Apartment Building
  • Transaction Amount: $7,500,000
  • Market: Manhattan Valley, Manhattan
  • Zoning: R8
  • Buyer: David R. Mashaal
  • Seller: Steven Oved
  • Building Size: 15,188 square feet
  • Price per Buildable Square Foot: $493
  • Lot Size: 2,523 square feet
  • Permits: Alteration 3 (01/21/2016)
  • Lot Dimensions: 101 ft x 25 ft
  • Tax Class: 2

The buyer of the property is David R. Mashaal, and the seller is Steven Oved. The building measures 15,188 square feet, with a price per buildable square foot of $493. The lot size is 2,523 square feet, and the lot dimensions are 101 ft x 25 ft. The property falls under tax class 2. Notably, an alteration permit was issued on January 21, 2016.

Players

4 deals$22.7M volume
BUYER

5 deals$22.2M volume
SELLER

Details

SOLD
IMAGE: 04/12/2022 ADDRESS: 150 Manhattan Avenue MARKET: Manhattan Valley, Manhattan ASSET TYPE: Apartment Building ~ ZONING: R8 BUYER: David R. Mashaal SELLER: Steven Oved PRICE: $7,500,000 BSF: 15,188 ~ PPBSF: $493 SF: 11,303 ~ PPSF: $663 FAR: 4.48 TAX CLASS: 2 LOT SIZE: 2,523 PERMITS: Alteration 3 (01/21/2016) LOT DIMENSION: 101 ft x 25 ft

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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