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150 Manhattan Avenue, New Y...

Updated Dec 18, 2023

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

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

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

$7,500,000

$663/SF

Building Size

11,303 SF

Asset Type

MultiFamily

Closing

Apr 11, 2022

About this deal

AI

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.

On the Map

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$7,500,000

$663/SF

MultiFamily

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Players

David R. Mashaal

Buyer

$22.7M

vol

4 deals

Buyer

Steven Oved

Seller

$22.2M

vol

5 deals

Seller
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New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $663 per square foot on a published $7.5M for 11,303 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.12%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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