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1920 Amsterdam Avenue

Keith Rosenthal Of Phoenix Realty Group And William Huffman Of Nuveen Acquire Multifamily Property In Washington Heights For $80M
SOLDMultiFamily

Keith Rosenthal Of Phoenix Realty Group And William Huffman Of Nuveen Acquire Multifamily Property In Washington Heights For $80M

1920 Amsterdam Avenue

$80,000,000

$441/SF

Building Size

181,111 SF

Asset Type

MultiFamily

Closing

Jul 28, 2026

AI

The transaction involved a multi-family asset located at 1920 Amsterdam Avenue in the Washington Heights market of Manhattan. This property, which includes a residential elevator building with 182 units, has a sale price of $80,000,000 and encompasses a total square footage of 181,111, resulting in a price per square foot of $442.

Summary of transaction details:

In this transaction, Keith Rosenthal represented Phoenix Realty Group while William Huffman represented Nuveen. The seller, Lisa Gomez, acted on behalf of L+M Development Partners to facilitate the sale of the property.

Players

William Huffman

Broker

$2.1B

vol

27 deals

Broker
William (Bill) Huffman

William Huffman

Nuveen

Buyer

$2.1B

vol

27 deals

Buyer
Lisa Gomez

Lisa Gomez

L+M Development Partners

Seller

$258.9M

vol

7 deals

Seller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.20%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93