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518 Fort Washington Avenue

Marcus & Millichap Sells MultiFamily At 518 Fort Washington Avenue Manhattan For $3.7M
SOLDMultiFamily

Marcus & Millichap Sells MultiFamily At 518 Fort Washington Avenue Manhattan For $3.7M

518 Fort Washington Avenue

$3,700,000

$89/SF

Building Size

41,552 SF

Asset Type

MultiFamily

Closing

Jul 10, 2026

AI

The property asset involved in this transaction is a MultiFamily building located at 518 Fort Washington Avenue in Manhattan. It sold for $3,700,000, encompassing a total area of 41,552 square feet, which results in a price per square foot of $89.

Summary of transaction details:

The key individuals involved in the deal were brokers Seth Glasser, Michael Fusco, and Christopher Mehran, all representing the transaction through Marcus & Millichap. Their engagement signifies the collective effort in facilitating the sale of the property in the competitive Manhattan market.

Players

Michael Fusco

Marcus & Millichap

Broker

$592.8M

vol

92 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

373 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.29%

Cash-on-Cash

-1.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93