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
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