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
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