ASAL Holding Company Acquires Multi Family Property In Manhattan For $8.5M
SOLD
$8,500,000
New York
See Similar DealsMultiFamily26,000 SF
Sold 08/07/2018
SOLD
ASAL Holding Company Acquires Multi Family Property In Manhattan For $8.5M
2129 Amsterdam Ave, New York, NY 10032, USA
See Similar DealsMultiFamily26,000 SF
Sold 08/07/2018
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$326
Total Square Footage:26,000 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$453,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,198.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,294.34
Annual Debt Service$483,532.04
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