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1695 Lexington Avenue

Nina Demartini-Day Sells East Harlem Multifamily For $1.24M With Marcus & Millichap Brokers
SOLDMultiFamily

Nina Demartini-Day Sells East Harlem Multifamily For $1.24M With Marcus & Millichap Brokers

1695 Lexington Avenue

$1,240,000

$119/SF

Building Size

10,410 SF

Asset Type

MultiFamily

Closing

May 20, 2025

AI

The asset involved in this transaction is a multifamily property located at 1695 Lexington Avenue in East Harlem. The total sale price for the property was $1,240,000, which translates to a price per unit of $82,666. The property consists of 15 units and has a total square footage of 10,410, resulting in a price per square foot of $119.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,240,000
  • Units: 15
  • Price Per Unit: $82,666
  • Square Footage: 10,410
  • Price Per Square Foot: $119
  • Seller: Nina Demartini-Day
  • Broker Representatives: Seth Glasser, Michael Fusco & Benjamin Myerow - Marcus & Millichap

Key individuals involved in the transaction include the seller, Nina Demartini-Day, and the broker representatives who facilitated the deal, Seth Glasser, Michael Fusco, and Benjamin Myerow from Marcus & Millichap. Their roles were critical in bringing this transaction to completion.

Players

Michael Fusco

Marcus & Millichap

Broker

$576.1M

vol

88 deals

Broker

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

12.79%

Cash-on-Cash

-3.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93