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550 West 180th Street

Nathan Benelyahou, Morris Zakaria & Michael Zakaria Acquires Multifamily At 550 & 556 West 180th Street For $4,650,026
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:

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

Michael Fusco

Marcus & Millichap

Broker

$592.8M

vol

92 deals

Broker
Nathan Benelyahou

Nathan Benelyahou

Buyer

$26.5M

vol

7 deals

Buyer

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