Exodus Capital Represents Joseph Hentze In $2.5M Sale Of 8-Unit Multifamily In New York City
23 Adelphi Street
$2,500,000
$454/SF
Building Size
5,500 SF
Asset Type
MultiFamily
Closing
Mar 9, 2023
AI
A multifamily property located at 23 Adelphi Street in New York City has been sold in a recently closed transaction. The property consists of 8 units, with a price per unit of $312,500. The total square footage of the property is 5,500, with a price per square foot of $455. The sale price for the property was $2,500,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,500,000
- Address: 23 Adelphi Street, New York City
- Market: New York City
- Units: 8
- Price per Unit: $312,500
- Square Footage: 5,500
- Price per Square Foot: $455
The sale was facilitated by Joseph Hentze as the seller. The transaction was managed by Justin Conway, Joey Mohsen, and Haley Hasho from Exodus Capital, who represented the seller. The involvement of these brokers showcases their expertise and contribution to the successful conclusion of the deal.
Players
Market 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93