Updated Oct 28, 2024
Namdar Realty Group And HPNY Acquire 14-Unit Multifamily Property In Yorkville For $3.05M
1577 3rd Avenue, Manhattan, New York, NY, USA
$3,050,000
$387/SF
Building Size
7,871 SF
Asset Type
MultiFamily
Closing
Jul 21, 2021
About this deal
AI
The multifamily property located at 1577 3rd Avenue in the Yorkville market has been sold in a recent transaction. The property is zoned as C1-9 and consists of 14 units. The sale price for the property was $3,050,000, with a price per unit of $217,857. The building has a total square footage of 7,871, resulting in a price per square foot of $387. The buyer in this transaction was Namdar Realty Group, represented by Igal Namdar, and HPNY, represented by Ivan Hakimian. The seller was the Brodsky Organization.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,050,000
- Address: 1577 3rd Avenue
- Market: Yorkville
- Zoning: C1-9
The buyer of the property was Namdar Realty Group, represented by Igal Namdar, and HPNY, represented by Ivan Hakimian. The seller in the transaction was the Brodsky Organization.
On the Map
$3,050,000
$387/SF
MultiFamily
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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
5.20%
Cash-on-Cash
-1.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93