facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

23 Adelphi Street

Exodus Capital Represents Joseph Hentze In $2.5M Sale Of 8-Unit Multifamily In New York City
SOLDMultiFamily

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

Haley Hasho

Exodus Capital

Broker

$378.2M

vol

47 deals

Broker

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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