facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

518 Fort Washington Avenue

Marnie Lee Vance Sells Manhattan Multifamily Asset For $3,700,000 With Brokers Seth Glasser, Michael Fusco & Christopher Mehran
SOLDMultiFamily

Marnie Lee Vance Sells Manhattan Multifamily Asset For $3,700,000 With Brokers Seth Glasser, Michael Fusco & Christopher Mehran

518 Fort Washington Avenue

$3,700,000

$89/SF

Building Size

41,552 SF

Asset Type

MultiFamily

Closing

Jul 10, 2026

AI

The property involved in the transaction is a MultiFamily asset located at 518 Fort Washington Avenue in Manhattan. It was sold for $3,700,000, with a total square footage of 41,552, resulting in a price per square foot of $89.

Summary of transaction details:

This transaction was facilitated by brokers Seth Glasser, Michael (Mike) Fusco, and Christopher Mehran, who represented the seller, Marnie Lee Vance, during the sale. The professional representation by Marcus & Millichap underscores a structured approach in handling the transaction.

Players

Michael Fusco

Marcus & Millichap

Broker

$589.1M

vol

91 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

366 deals

Broker

Marnie Lee Vance

Seller

$3.7M

vol

1 deal

Seller

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