Updated Sep 9, 2024
Marcus & Millichap Sells MultiFamily Asset In New York City For $5.675M With Seth Glasser, Michael Fusco & Benny Katz
9 Post Ave New York, NY 10034, USA
$5,675,000
$134/SF
Building Size
42,064 SF
Asset Type
MultiFamily
Closing
Jun 8, 2023
About this deal
AI
Located at 9 Post Avenue in New York City, this multi-family property was recently sold in a closed transaction. The property consists of 49 units, with each unit having a price per unit (PPU) of $115,816. The total square footage of the property is 42,064, with a price per square foot (PPSF) of $135. The sale price for this transaction was $5,675,000.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $5,675,000
- Units: 49
- Price Per Unit (PPU): $115,816
- Total Square Footage (SF): 42,064
- Price Per Square Foot (PPSF): $135
The transaction was facilitated by the brokers Seth Glasser, Michael Fusco, and Benny Katz, who represent Marcus & Millichap in the deal. These brokers played a crucial role in ensuring a successful sale of the property at 9 Post Avenue.
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
2.80%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93