Fort George Multifamily Sold For $4.14M With Brokers Joseph Koicim Seth Glasser Michael Fusco Christopher Mehran
374 Wadsworth Avenue
$4,137,500
$82/SF
Building Size
50,094 SF
Asset Type
MultiFamily
Closing
Feb 6, 2026
AI
The property asset involved in the transaction is a multifamily building located at 374 Wadsworth Avenue in the Fort George market. The sale price was $4,137,500, and the property encompasses a total square footage of 50,094, translating to a price per square foot of $82.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,137,500
- Square Footage: 50,094
- Price per Square Foot: $82
- Address: 374 Wadsworth Avenue
- Market: Fort George
The deal was facilitated by brokers Joseph Koicim, Seth Glasser, Michael Fusco, and Christopher Mehran, all representing Marcus & Millichap in this transaction.
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
3.83%
Cash-on-Cash
-1.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93