Updated Oct 28, 2026
Moris Yeroshalmi Acquires 51 Hamilton Place Multifamily In Manhattan For $2,200,000
51 Hamilton Place
$2,200,000
$64/SF
Building Size
33,880 SF
Asset Type
MultiFamily
Closing
Sep 18, 2026
About this deal
AI
The property involved in this transaction is a multi-family asset located at 51 Hamilton Place in Manhattan. This asset consists of 29 units and covers a total square footage of 33,880, with a per-unit price of $75,862 and a price per square foot of $64. The sale price for the property was $2,200,000.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $2,200,000
- Units: 29
- Square Footage: 33,880
- Price Per Unit: $75,862
- Price Per Square Foot: $64
- Buyer: Moris Yeroshalmi
- Broker Representatives: DJ Johnston & Robert Anderson - Matthews
- Date of Sale: 09/18/2026
- Market: Manhattan
- Auction Platform: Crexi
- Days on Market: 54
- Close Duration: 30 Days
- Page Views: 4,815
- Leads: 532
- Executed CA's: 177
- Registered to Bid: 26
- Approved Bidders: 9
- Winning Bidder: 1
The transaction was notably supported by a strategic auction process which highlighted the importance of local expertise in attracting strong bids for rent-stabilized buildings in New York City. The broker team effectively engaged with active buyers in the submarket, facilitating competition that contributed to a successful closing. Potential buyers or current owners of similar assets are encouraged to reach out for a valuation and market feedback.
On the Map
$2,200,000
$64/SF
MultiFamily
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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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93