Updated Feb 5, 2025
Waterfall Asset Management Acquires Multifamily Property In Carnegie Hill For $145M
1760 3rd Avenue, New York City, New York 10029, United States
$145,000,000
$585/SF
Building Size
247,615 SF
Asset Type
MultiFamily
Closing
Aug 14, 2022
About this deal
AI
The multifamily property located at 1760 Third Avenue in Carnegie Hill, Manhattan has been sold in a closed transaction. The sale was facilitated by Waterfall Asset Management, represented by Tom Capasse and Jack Ross as the buyer. The property was sold by HSBCBank.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $145,000,000
- Square Footage: 247,615
- Price Per Square Foot: $585
- Market: Carnegie Hill, Manhattan
- Buyer: Waterfall Asset Management - Tom Capasse & Jack Ross
- Seller: HSBCBank
The buyers, Tom Capasse and Jack Ross, represented Waterfall Asset Management in this transaction. The sale of the multifamily property in Carnegie Hill marks a significant deal in the Manhattan real estate market.
On the Map
$145,000,000
$585/SF
MultiFamily
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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
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93