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2129 Amsterdam Ave, New Yor...

ASAL Holding Company Acquires Multi Family Property In Manhattan For $8.5M
SOLDMultiFamily

ASAL Holding Company Acquires Multi Family Property In Manhattan For $8.5M

2129 Amsterdam Ave, New York, NY 10032, USA

$8,500,000

$326/SF

Building Size

26,000 SF

Asset Type

MultiFamily

Closing

Aug 6, 2018

AI

The multi-family property located at 2129 Amsterdam Avenue X in Manhattan, New York has been sold in a transaction that closed on August 7, 2018. The property spans approximately 26,000 square feet and was sold for a price of $8,500,000, resulting in a price per square foot of $326.

Summary of transaction details

  • Property Type: Multi Family
  • Transaction Amount: $8,500,000
  • Address: 2129 Amsterdam Avenue X, Manhattan, New York
  • Market: Manhattan

The seller of the property was @TriArchGroup, represented by Chris Deangelis. The buyer, ASAL Holding Company, was led by Nicholas "Nico" Moinian, Chris Deangelis, and Jimmy Soufian.

Players

Ian Brooks

CBRE

Broker

$431.6M

vol

50 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage
Chris DeAngelis

Chris DeAngelis

TriArch Real Estate Group

Seller

$37.7M

vol

8 deals

Seller

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

1.87%

Cash-on-Cash

-0.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93