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803 West 180th Street, New ...

Estate Of Saul Hamond Sells Hudson Heights Multifamily For $8.9M With Marcus & Millichap Brokers
SOLDMultiFamily

Estate Of Saul Hamond Sells Hudson Heights Multifamily For $8.9M With Marcus & Millichap Brokers

803 West 180th Street, New York City, New York 10033, United States

$8,900,000

$190/SF

Building Size

46,752 SF

Asset Type

MultiFamily

Closing

Jan 14, 2022

AI

The multifamily property located at 803 West 180th Street in Hudson Heights has been sold for a total price of $8,900,000. The property consists of 36 units, with an average price per unit of $247,222. The total square footage of the property is 46,752, with a price per square foot of $190.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $8,900,000
  • Units: 36
  • Price per Unit: $247,222
  • Total Square Footage: 46,752
  • Price per Square Foot: $190

The sale of this property was facilitated by Joe Koicim, Seth Glasser, Jake Kahn, and Haley Hasho from Marcus & Millichap. They acted as representatives for the seller, the Estate of Saul Hamond.

Players

Haley Hasho

Exodus Capital

Broker

$378.2M

vol

47 deals

Broker
Joseph (Joe) Koicim
Verified Badge

Joseph Koicim

Marcus & Millichap

Broker

$2.7B

vol

174 deals

Broker

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

1.78%

Cash-on-Cash

-0.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93