Updated Oct 28, 2024
Klosed Properties Acquires Multifamily Property In Morningside Park For $11.3M
312 Manhattan Avenue, New York City, New York 10026, United States
$11,300,000
$253/SF
Building Size
44,622 SF
Asset Type
MultiFamily
Closing
Jun 12, 2022
About this deal
AI
A multifamily property located at 312 Manhattan Ave. in Morningside Park has been sold for a total price of $11,300,000. The property consists of 59 units with an average price per unit of $191,525. The total square footage of the property is 44,622, with an average price per square foot of $253.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,300,000
- Address: 312 Manhattan Ave.
- Market: Morningside Park
The buyers of the property are Klosed Properties, represented by Adam Hajibai, Steven Kachanian, and Shawn Aziz. The brokers involved in the deal are Richard Guarino and Lynda Blumberg from Friedman-Roth. The mortgage consultant for the transaction is Jason Au.
It's worth noting that Klosed Properties currently has 12 deals under contract. For additional opportunities, please contact Adam at 516-858-0024 or [email protected].
On the Map
$11,300,000
$253/SF
MultiFamily
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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
1.40%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93