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926 Amsterdam Ave, New York...

Updated Jul 8, 2025

Remi Powazka Acquires Multi-Family Property On Amsterdam Ave In Manhattan For $5.8M
SOLDMultiFamily

Remi Powazka Acquires Multi-Family Property On Amsterdam Ave In Manhattan For $5.8M

926 Amsterdam Ave, New York, NY 10025, USA

Building Size

9,105 SF

Asset Type

MultiFamily

Closing

Nov 19, 2017

About this deal

AI

The multi-family property located at 926 Amsterdam Avenue in New York City has been sold for a total price of $5,800,000. This property, which is situated in the Manhattan market, spans across 9,105 square feet. With a price per square foot of $637, this asset presents great value for potential buyers. The property consists of 11 units, with an average price per unit of $527,000.

Summary of transaction details

  • Property Type: Multi-family
  • Transaction Amount: $5,800,000
  • Address: 926 Amsterdam Avenue
  • City: New York
  • Market: Manhattan
  • Square Footage: 9,105
  • Price per Square Foot: $637
  • Number of Units: 11
  • Price per Unit: $527,000

The seller of this multi-family property is Meyer Orbach, while the buyer is Remi Powazka. Both parties have successfully completed this transaction, with Powazka acquiring the property from Orbach.

Players

Meyer Orbach

Orbach Group

Broker

$3.4B

vol

32 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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