Updated Sep 9, 2024
Marcus & Millichap Brokers Sell New York City MultiFamily For $6M At 390 Wadsworth Avenue
390 Wadsworth Avenue
$6,000,000
$120/SF
Building Size
50,000 SF
Asset Type
MultiFamily
Closing
Feb 16, 2023
About this deal
AI
A multi-family property located at 390 Wadsworth Avenue in New York City has been sold. The property consists of 42 units with a sale price of $6,000,000, resulting in a per unit price of $142,857. The total square footage of the property is 50,000, with a price per square foot of $120.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $6,000,000
- Units: 42
- Price per Unit: $142,857
- Square Footage: 50,000
- Price per Square Foot: $120
- Address: 390 Wadsworth Avenue
- Market: New York City
The deal was facilitated by brokers Seth Glasser, Michael Fusco, and Benny Katz, representing Marcus & Millichap. They played a key role in the successful completion of the transaction.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Benny Katz to view all their deals.
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93