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515 West 168th Street

Updated Feb 25, 2026

Adam Goodstein Of Seastone Capital Acquires Multifamily Asset In Washington Heights For $9.25M
SOLDMultiFamily

Adam Goodstein Of Seastone Capital Acquires Multifamily Asset In Washington Heights For $9.25M

515 West 168th Street

$9,250,000

$230/SF

Building Size

40,185 SF

Asset Type

MultiFamily

Closing

Feb 3, 2026

About this deal

AI

The property asset involved in this transaction is a multifamily building located at 515 West 168th Street in the Washington Heights market. The sale price for the asset was $9,250,000, comprising a total of 83 units. It has a total square footage of 40,185, resulting in a price per unit of $111,445 and a price per square foot of $230.

Summary of transaction details:

This transaction highlights the involvement of key individuals, including buyer Adam Goodstein from Seastone Capital and multiple representatives from Newmark who facilitated the sale. The representatives include Eric Roth, Maurice Suede, Mike Kavanagh, Tyler Signora, and Christine Felling, who played a crucial role in closing the deal.

On the Map

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$9,250,000

$230/SF

MultiFamily

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Players

Maurice Suede

Newmark

Broker

$1B

vol

63 deals

Broker

Adam Goodstein

Seastone Capital

Buyer

$50.9M

vol

7 deals

Buyer
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New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $230 per square foot on a published $9.3M for 40,185 square feet (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.71%

Cash-on-Cash

-0.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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