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
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:
- Property Type: Multifamily
- Transaction Amount: $9,250,000
- Address: 515 West 168th Street
- Market: Washington Heights
- Units: 83
- Price Per Unit: $111,445
- Square Footage: 40,185
- Price Per Square Foot: $230
- Buyer: Adam Goodstein - Seastone Capital
- Seller's Representatives: Eric Roth, Maurice Suede, Mike Kavanagh, Tyler Signora & Christine Felling - Newmark
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.
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
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93