Jerry Padovicz Acquires Multifamily Property In Manhattanville For $5.2M
347 Manhattan Avenue, New York, NY 10026
$5,200,000
$449/SF
Building Size
11,565 SF
Asset Type
MultiFamily
Closing
Oct 30, 2018
AI
The multifamily property located at 347 Manhattan Avenue in Manhattanville has been sold for a price of $5,200,000. The property spans 11,565 square feet, resulting in a price per square foot of $450. The transaction took place on October 31, 2018.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,200,000
- Square Footage: 11,565
- Price Per Square Foot: $450
- Address: 347 Manhattan Avenue
- Market: Manhattanville
The seller of the property was Artimus Construction, represented by Ken Haron. The buyer, Jerry Padovicz, purchased the property with the assistance of Ann Morreel from @evamericas. The transaction was facilitated by the brokers Victor Sozio, Orry Michael, and Marko Agbaba from @arielpa.nyc.
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
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93