Updated Dec 4, 2024
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
About this deal
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.
On the Map
$2,700,000
$243/SF
MultiFamily
View full map
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Benny Katz to view all their deals.
Browse New York multifamily sales on Traded.
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