SOLDMultiFamily
Nathan Benelyahou, Morris Zakaria & Michael Zakaria Acquires Multifamily At 550 & 556 West 180th Street For $4,650,026
550 West 180th Street & 556 West 180th Street
$4,650,026
$87/SF
Building Size
27,195 SF
Asset Type
MultiFamily
Closing
Jul 30, 2026
AI
The property asset is located at 550 & 556 West 180th Street in the Washington Heights market. This multi-family asset has a sale price of $4,650,026 and encompasses a total of 53,020 square feet, resulting in a price per square foot of $88.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $4,650,026
- Square Footage: 53,020
- Price per Square Foot: $88
- Buyer: Nathan Benelyahou, Morris Zakaria & Michael Zakaria
- Brokers: Seth Glasser, Michael (Mike) Fusco, Chris Mehran, Benjamin Myerow - Marcus & Millichap & Joe Koicim
This transaction involved several key individuals representing the buyers, including Nathan Benelyahou, Morris Zakaria, and Michael Zakaria. The brokerage team that facilitated the deal includes Seth Glasser, Michael (Mike) Fusco, Chris Mehran, Benjamin Myerow from Marcus & Millichap, along with Joe Koicim.
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
3.41%
Cash-on-Cash
-0.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93