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51 Hamilton Place

Updated Oct 28, 2026

Moris Yeroshalmi Acquires 51 Hamilton Place Multifamily In Manhattan For $2,200,000
SOLDMultiFamily

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.

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$2,200,000

$64/SF

MultiFamily

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Players

DJ Johnston

Matthews

Broker

$512M

vol

109 deals

Broker
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New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $64 per square foot on a published $2.2M for 33,880 square feet (2026).

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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

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