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23 Adelphi Street

Updated Oct 25, 2024

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

About this deal

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.

On the Map

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$2,500,000

$454/SF

MultiFamily

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Players

Haley Hasho

Exodus Capital

Broker

$385M

vol

49 deals

Broker
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Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $454 per square foot on a published $2.5M for 5,500 square feet (2023).

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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

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