David Eshaghoff Acquires Multifamily Property In Hamilton Heights, NYC For $16.8M
SOLD
$16,800,000
+ 2
New York
See Similar DealsMultiFamily384,000 SF
Sold 05/21/2019
SOLD
David Eshaghoff Acquires Multifamily Property In Hamilton Heights, NYC For $16.8M
1588 Amsterdam Ave, New York, NY 10031, USA
See Similar DealsMultiFamily384,000 SF
Sold 05/21/2019
+ 2
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$43
Total Square Footage:384,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$895,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$59,686.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$79,640.57
Annual Debt Service$955,686.85
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