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929 Amsterdam Avenue, New Y...

Esther Toporovsky Acquires Multifamily Property On Amsterdam Avenue In Manhattan Valley For $4.4M
SOLDMultiFamily

Esther Toporovsky Acquires Multifamily Property On Amsterdam Avenue In Manhattan Valley For $4.4M

929 Amsterdam Avenue, New York City, New York 10025, United States

$4,416,383

$443/SF

Building Size

9,968 SF

Asset Type

MultiFamily

Closing

Oct 12, 2021

AI

A multifamily property located at 929 Amsterdam Avenue in Manhattan Valley has been sold for a price of $4,416,383. The property has a building square footage (BSF) of 16,001, with a price per BSF (PPBSF) of $276. The total square footage (SF) of the property is 9,968, with a price per SF (PPSF) of $443. The property sits on a lot with a size of 2,658 square feet and has a tax class of 2. The previous sale of the property took place on February 17, 2012, for a price of $3,256,384. The property underwent an alteration permit on April 5, 2016.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $4,416,383
  • Market: Manhattan Valley
  • Zoning: R8A, C2-5

Esther Toporovsky has acquired the property from Meyer Orbach. The sale was brokered by Meyer Orbach's representative. The property has a floor area ratio (FAR) of 3.75. The lot dimension is 26.58 ft x 100 ft.

Players

Meyer Orbach

Orbach Group

Broker

$3.3B

vol

31 deals

Broker
Esther Toporovsky

Esther Toporovsky

NYC Housing Partnership

Buyer

$47.7M

vol

5 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

3.59%

Cash-on-Cash

-1.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93