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1588 Amsterdam Ave, New Yor...

David Eshaghoff Acquires Multifamily Property In Hamilton Heights, NYC For $16.8M
SOLDMultiFamily

David Eshaghoff Acquires Multifamily Property In Hamilton Heights, NYC For $16.8M

1588 Amsterdam Ave, New York, NY 10031, USA

$16,800,000

$43/SF

Building Size

384,000 SF

Asset Type

MultiFamily

Closing

May 20, 2019

AI

The multifamily property located at 1588-1600 Amsterdam Ave in Hamilton Heights, NYC has been sold for a total price of $16,800,000. The property spans a total square footage of 38,400 and has a price per square foot of $437.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $16,800,000
  • Square Footage: 38,400
  • Price Per Square Foot: $437
  • Location: 1588-1600 Amsterdam Ave, Hamilton Heights, NYC

The seller of the property was Lewis Barbanel from Barberry Rose Management, while the buyer was David Eshaghoff from Eshco Realty. The transaction was facilitated by brokers Amit Doshi, Shallini Mehra, and Jonathan Shainberg, represented by @TeamDoshi.

Players

Jonathan Shainberg

Meridian Capital Group

Broker

$103.5M

vol

8 deals

Broker

David Eshaghoff

Buyer

$25.5M

vol

2 deals

Buyer
Lewis Barbanel

Lewis Barbanel

Barberry Rose Management

Seller

$181.6M

vol

16 deals

Seller

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

0.94%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93