Updated Jul 8, 2025
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
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