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494 Audubon Avenue

Scott Zelekowitz Acquires Multifamily In Fort George, Manhattan For $2.85M
SOLDMultiFamily

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

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.

Players

Michael Fusco

Marcus & Millichap

Broker

$576.1M

vol

88 deals

Broker

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

5.57%

Cash-on-Cash

-1.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93