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

Property Image
SOLD
$2,700,000
Michael (Mike) Fusco

New York

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MultiFamily16,790 SF
Sold 06/19/2025
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Property Image
SOLD

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

192 Claremont Avenue

See Similar Deals
MultiFamily16,790 SF
Sold 06/19/2025
Michael (Mike) Fusco
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$160
Total Square Footage:16,790 SF
Transaction Type:Sale

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 (Mike) Fusco
88 deals$576.1M volume(973) 865-6303
BROKER

Seth Glasser
Marcus & Millichap
125 deals$1.1B volume
BROKER

Details

SOLD
IMAGE: Michael Fusco, Seth Glasser & Christopher Mehran DATE: 6/19/2025 ADDRESS: 192 Claremont Avenue MARKET: Morningside Heights ASSET TYPE: Multifamily BUYER: Joseph Annunziata SELLER: Gus Quattrone BROKERS: Seth Glasser (@SethGlasser1), Michael Fusco (@Mike_Fusco_NYM) & Christopher Mehran - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $2,700,000 UNITS: 20 ~ PPU: $135,000 SF: 16,790 ~ PPSF: $160

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
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