Meyer Orbach Sells Manhattan Valley Multifamily For $21M
165 Manhattan Avenue, Manhattan, New York, NY, USA
$21,020,582
$589/SF
Building Size
35,676 SF
Asset Type
MultiFamily
Closing
Oct 13, 2021
AI
The multifamily property located at 165 & 169 Manhattan Avenue in Manhattan Valley has been sold for a price of $21,020,582. The property, with a total square footage of 35,676, is classified as a 2B tax class. The transaction took place on October 13, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $21,020,582
- Address: 165 & 169 Manhattan Avenue
- Market: Manhattan Valley
- Tax Class: 2B
The seller of the property was Meyer Orbach, as indicated by the Instagram post shared by @MeyerOrbach. The price per square foot for this transaction was $589.
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
0.75%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93