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:
- Property Type: MultiFamily
- Transaction Amount: $80,000,000
- Address: 1920 Amsterdam Avenue
- Market: Washington Heights, Manhattan
- Square Footage: 181,111
- Price per Square Foot: $442
- Buyer: Keith Rosenthal - Phoenix Realty Group
- Buyer: William Huffman - Nuveen
- Seller: Lisa Gomez - L+M Development Partners
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
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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93