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:
- Property Type: MultiFamily
- Transaction Amount: $3,700,000
- Square Footage: 41,552
- Price Per Square Foot: $89
- Address: 518 Fort Washington Avenue
- Market: Manhattan
- Brokers: Seth Glasser, Michael (Mike) Fusco & Christopher Mehran - Marcus & Millichap
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
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
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93