Greg Corbin, Chaya Milworn & Felix Ades Of Northgate Real Estate Group Sell Multifamily In Fort George For $4.61M
519 West 180th Street & 572 West 182nd Street
$4,610,000
$130/SF
Building Size
35,305 SF
Asset Type
MultiFamily
Closing
Dec 9, 2025
AI
The transaction involved a multifamily asset located at 519 West 180th Street & 572 West 182nd Street in the Fort George market. The property comprises 26 units and has a total square footage of 16,955, with a price per unit of $177,307 and a price per square foot of $271. The sale price for the property was $4,610,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,610,000
- Units: 26
- Square Footage: 16,955
- Price Per Unit: $177,307
- Price Per Square Foot: $271
- Address: 519 West 180th Street & 572 West 182nd Street
- Market: Fort George
The brokers representing the transaction were Greg Corbin, Chaya Milworn, and Felix Ades from Northgate Real Estate Group. They facilitated the sale of the multifamily property, contributing their expertise to complete the deal successfully.
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
3.44%
Cash-on-Cash
-0.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93