Updated Nov 29, 2023
Ariel Property Advisors Brokers $16.2M Multifamily Sale At 992-1000 Amsterdam Ave. In Manhattan Valley
998 Amsterdam Ave, New York, NY 10025, USA
$25,500,000
$56/SF
Building Size
455,760 SF
Asset Type
MultiFamily
Closing
Nov 28, 2020
About this deal
AI
A multifamily property located at 992-1000 Amsterdam Avenue in Manhattan Valley has been sold. The sale took place on December 21, 2022. The property was represented by Victor Sozio, Shimon Shkury, Howard Raber, and Evan Hirsch from Ariel Property Advisors.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $16,200,000
- Units: 59
- Price per Unit: $274,576
- Square Footage: 45,576
- Price per Square Foot: $355
Victor Sozio, Shimon Shkury, Howard Raber, and Evan Hirsch from Ariel Property Advisors played a crucial role in representing the property during the transaction. The property consists of 59 units with a price per unit of $274,576. The total square footage of the property is 45,576, with a price per square foot of $355.
Players
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Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.62%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93