Updated Aug 31, 2026
SOLDMultiFamily
Quan Chan Purchases Multifamily Property From Anthony Morgan For $2.6M In Port Washington
$2,700,000
$1,228/SF
Building Size
2,198 SF
Asset Type
MultiFamily
Closing
Jul 18, 2026
About this deal
AI
The asset involved in this transaction is a multifamily property located in Port Washington, which sold for a price of $2,600,000. The property encompasses a total area of 2,198 square feet, translating to a price per square foot of $1,183.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,600,000
- Buyer: Quan Chan
- Seller: Anthony Morgan
- Broker: Lee Eliyahu - Bridge Advisory Group
- Sale Date: 07/18/2026
Lee Eliyahu of Bridge Advisory Group represented the seller in this transaction, showcasing his expertise in investment-grade products while also leading the residential division of the firm. He is known for being flexible, responsive, and dedicated to the satisfaction of his clients.
Players
Market 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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93