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
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