Updated Aug 25, 2026
Northgate Real Estate Group Represents Sale Of 32 Jane Street Multifamily In Manhattan For $4.8M
32 Jane Street
$4,800,000
$1,297/SF
Building Size
3,700 SF
Asset Type
MultiFamily
Closing
Jun 2, 2026
About this deal
AI
This transaction involves a MultiFamily asset located at 32 Jane Street in Manhattan. The property was sold for $4,800,000, encompassing a total area of 3,700 square feet, resulting in a price per square foot of $1,297.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $4,800,000
- Address: 32 Jane Street
- Market: Manhattan
- Square Footage: 3,700
- Price per Square Foot: $1,297
- Brokers: Greg Corbin & Felix Ades - Northgate Real Estate Group
Greg Corbin and Felix Ades, representing the Northgate Real Estate Group in this transaction, have a strong track record with over $4.3 billion in real estate transactions. Their firm specializes in distressed investment sales and workouts, focusing on areas such as bankruptcies, foreclosures, UCC sales, restructuring, loan sales, and borrower/lender workouts.
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
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93