Emerald Equity Group Acquires 1661 Park Ave Multifamily In New York For $24.8M
SOLD
$24,800,000
New York
See Similar DealsMultiFamily
SOLD
Emerald Equity Group Acquires 1661 Park Ave Multifamily In New York For $24.8M
1661 Park Ave, New York, NY, 10035
See Similar DealsMultiFamily
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Sale
The property involved in this transaction is a MultiFamily asset located at 1661 Park Ave, New York, NY, 10035. The transaction was executed at a price of $24,800,000.00 within the New York market.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $24,800,000.00
- Seller's Representatives: Matthew "Matt" Gillis - Ariel Property Advisors, Michael Tortorici - Ariel Property Advisors
- Buyer: Emerald Equity Group
This transaction involved key individuals from Ariel Property Advisors representing the sellers. Matthew "Matt" Gillis and Michael Tortorici played significant roles in facilitating the sale to Emerald Equity Group.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,322,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$88,109.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$117,564.65
Annual Debt Service$1,410,775.83
Is there something missing? Send suggestions