Updated Dec 4, 2024
Scott Zelekowitz Acquires Multifamily In Fort George, Manhattan For $2.85M
494 Audubon Avenue
$2,850,000
$129/SF
Building Size
22,100 SF
Asset Type
MultiFamily
Closing
Jun 7, 2024
About this deal
AI
The multifamily property located at 494 Audubon Avenue in Fort George, Manhattan, was recently sold for $2,850,000. The property comprises 27 units with a price per unit of $105,556. The total square footage of the property is 22,100, making the price per square foot $129.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,850,000
- Units: 27
- Price Per Unit: $105,556
- Square Footage: 22,100
- Price Per Square Foot: $129
- Address: 494 Audubon Avenue, Fort George, Manhattan
The transaction was facilitated by the brokers Seth Glasser, Michael Fusco, and Benny Katz from Marcus & Millichap, along with Dan Kaplan from CBRE. The buyer of the property was Scott Zelekowitz, while the seller was Melissa Vance.
On the Map
$2,850,000
$129/SF
MultiFamily
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New York MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.57%
Cash-on-Cash
-1.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93