Updated Dec 4, 2024
Cushman & Wakefield Brokers Sell Multifamily Asset In Hudson Heights, Manhattan For $7.8M
500 Fort Washington Avenue
$7,800,000
$176/SF
Building Size
44,295 SF
Asset Type
MultiFamily
Closing
Nov 15, 2023
About this deal
AI
A multifamily property located at 500 Fort Washington Avenue in Hudson Heights, Manhattan, has been sold for a price of $7,800,000. The property consists of 56 units, with an average price per unit of $139,286. The total square footage of the property is 44,295, resulting in a price per square foot of $176.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $7,800,000
- Units: 56
- Average Price per Unit: $139,286
- Total Square Footage: 44,295
- Price per Square Foot: $176
- Address: 500 Fort Washington Avenue, Hudson Heights, Manhattan
The sale of this multifamily property was facilitated by the brokers Robert Shapiro, Ian Brooks, and Nicholas Kontos from Cushman & Wakefield.
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
2.03%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93