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1761 Amsterdam Avenue

Marcus & Millichap Sells Hamilton Heights Multifamily Property For $2.7M With Brokers Fusco Glasser Katz
SOLDMultiFamily

Marcus & Millichap Sells Hamilton Heights Multifamily Property For $2.7M With Brokers Fusco Glasser Katz

1761 Amsterdam Avenue

$2,700,000

$243/SF

Building Size

11,080 SF

Asset Type

MultiFamily

Closing

Sep 25, 2024

AI

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.

Players

Michael Fusco

Marcus & Millichap

Broker

$576.1M

vol

88 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

358 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

5.88%

Cash-on-Cash

-1.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93