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
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