facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

192 Claremont Avenue

Joseph Annunziata Acquires 192 Claremont Avenue Multifamily From Gus Quattrone For $2.7M
SOLDMultiFamily

Joseph Annunziata Acquires 192 Claremont Avenue Multifamily From Gus Quattrone For $2.7M

192 Claremont Avenue

$2,700,000

$160/SF

Building Size

16,790 SF

Asset Type

MultiFamily

Closing

Jun 18, 2025

AI

The property asset involved in the transaction is a multifamily building located at 192 Claremont Avenue in the Morningside Heights market. The sale price for this asset was $2,700,000, which includes 20 units. The total square footage of the building is 16,790, resulting in a price per unit of $135,000 and a price per square foot of $160.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,700,000
  • Units: 20
  • Square Footage: 16,790
  • Price Per Unit: $135,000
  • Price Per Square Foot: $160
  • Buyer: Joseph Annunziata
  • Seller: Gus Quattrone
  • Brokers: Seth Glasser, Michael Fusco & Christopher Mehran - Marcus & Millichap
  • Date of Transaction: 6/19/2025

This deal was facilitated by Seth Glasser, Michael Fusco, and Christopher Mehran, who represented both the buyer Joseph Annunziata and the seller Gus Quattrone. The brokers played a key role in the negotiation and finalization of this transaction, ensuring all parties involved reached an agreement.

Players

Michael Fusco

Marcus & Millichap

Broker

$576.1M

vol

88 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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