Fort George Multifamily Sold For $4.14M With Brokers Joseph Koicim Seth Glasser Michael Fusco Christopher Mehran
SOLD
$4,137,500
+ 1
New York
See Similar DealsMultiFamily50,094 SF
Sold 02/06/2026
SOLD
Fort George Multifamily Sold For $4.14M With Brokers Joseph Koicim Seth Glasser Michael Fusco Christopher Mehran
374 Wadsworth Avenue
See Similar DealsMultiFamily50,094 SF
Sold 02/06/2026
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$82
Total Square Footage:50,094 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$220,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,699.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,613.86
Annual Debt Service$235,366.33
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