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182 Columbus Avenue, Manhat...

Updated Dec 19, 2023

John P McCarthy And Steve Dluzyn Acquire Multi-Family Property On Columbus Avenue For $25.1M
SOLDMultiFamily

John P McCarthy And Steve Dluzyn Acquire Multi-Family Property On Columbus Avenue For $25.1M

182 Columbus Avenue, Manhattan, New York, NY, USA

$25,100,000

$1,956/SF

Building Size

12,830 SF

Asset Type

MultiFamily

Closing

Nov 8, 2021

About this deal

AI

The multi-family property located at 182 & 186 Columbus Avenue in Lincoln Square, Manhattan has been sold for a price of $25,100,000. The property, classified as C1-8A in the market, has a building size of 24,064 square feet, resulting in a price per square foot of $1,043. The total area of the property is 12,830 square feet, with a price per square foot of $1,956. The lot size measures 3,200 square feet, with dimensions of 40 feet by 80 feet.

Summary of transaction details

  • Property Type: Multi Family
  • Transaction Amount: $25,100,000
  • Buyer: John P McCarthy and Steve Dluzyn
  • Seller: Lisa Cohn
  • Building Size: 24,064 square feet
  • Price per Square Foot (BSF): $1,043
  • Total Square Footage: 12,830 square feet
  • Price per Square Foot (PPSF): $1,956
  • Lot Size: 3,200 square feet
  • Last Sale Price: $20,000,000 (2/16/2007)
  • Lot Dimensions: 40 ft x 80 ft

The buying party of the property consists of John P McCarthy and Steve Dluzyn, while the seller is Lisa Cohn. The property's FAR (Floor Area Ratio) is 4.01, and its tax class is 2.

On the Map

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$25,100,000

$1,956/SF

MultiFamily

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Players

John P. McCarthy

HUBB NYC

Broker

$719.1M

vol

15 deals

Broker
John P. McCarthy

John P. McCarthy

HUBB NYC

Buyer

$719.1M

vol

15 deals

Buyer

Lisa Cohn

Seller

$61.5M

vol

6 deals

Seller
Bilt advertisement

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $2K per square foot on a published $25.1M for 12,830 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.63%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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