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
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