Updated Sep 9, 2024
Sonny Vitaj Acquires Multifamily Property In New York City For $2.42M
1910 Benedict Avenue
$2,420,000
$114/SF
Building Size
21,220 SF
Asset Type
MultiFamily
Closing
Mar 14, 2023
About this deal
AI
The multifamily property located at 1910 Benedict Avenue in New York City has been sold in a recent transaction. The property consists of 23 units with a price per unit of $105,217. The total square footage of the property is 21,220, with a price per square foot of $114. The sale price for the property was $2,420,000.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $2,420,000
- Units: 23
- Price per Unit (PPU): $105,217
- Square Footage: 21,220
- Price per Square Foot (PPSF): $114
Sonny Vitaj has purchased the property from David Federline. Richard Guarino from Friedman-Roth Realty represented both parties in the transaction. Throughout the deal, Langsam Property Services managed the building for over 45 years, and Tracey Daniels Esq. provided excellent legal assistance. A special thanks goes to them for their contributions to the successful completion of this transaction.
Friedman Roth is currently hiring Sales Associates. For more information, please contact [email protected] or [email protected].
Market 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
6.55%
Cash-on-Cash
-1.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93