Updated Sep 9, 2024
Meridian Capital Group & Marcus & Millichap Sell Multifamily Asset In Washington Heights For $20.1M
3900 Broadway
$20,100,000
$209/SF
Building Size
95,885 SF
Asset Type
MultiFamily
Closing
Mar 31, 2023
About this deal
AI
The multifamily property located at 3850 & 3900 Broadway in Washington Heights has been sold. The transaction took place on March 31, 2023.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $20,100,000
- Units: 77
- Price Per Unit: $261,039
- Square Footage: 95,885
- Price Per Square Foot: $210
- Market: Washington Heights
The deal was brokered by Seth Glasser, Michael Fusco, Benny Katz, and Joe Koicim of Marcus & Millichap, as well as Amit Doshi of Meridian Capital Group.
Note: No additional information about the property or individuals involved in the transaction was provided.
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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93