Marcus & Millichap Sells Hamilton Heights Multifamily Property For $2.7M With Brokers Fusco Glasser Katz
SOLD
$2,700,000
New York
See Similar DealsMultiFamily11,080 SF
Sold 09/25/2024
SOLD
Marcus & Millichap Sells Hamilton Heights Multifamily Property For $2.7M With Brokers Fusco Glasser Katz
1761 Amsterdam Avenue
See Similar DealsMultiFamily11,080 SF
Sold 09/25/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$243
Total Square Footage:11,080 SF
Transaction Type:Sale
The property involved in this transaction is a multifamily asset located at 1761 Amsterdam Avenue in the Hamilton Heights market. It features a total of 14 units and encompasses a square footage of 11,080. The sale price for this transaction was $2,700,000, resulting in a price per unit of $192,857 and a price per square foot of $243.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,700,000
- Units: 14
- Square Footage: 11,080
- Price Per Unit: $192,857
- Price Per Square Foot: $243
- Date of Sale: 09/25/2024
- Address: 1761 Amsterdam Avenue
- Market: Hamilton Heights
The brokers representing the transaction are Michael Fusco, Seth Glasser, and Benny Katz from Marcus & Millichap. They facilitated the sale of the multifamily asset, contributing their expertise to finalize the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$144,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53
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