Updated Nov 14, 2025
Multifamily Property At 350 Audubon Avenue Sold For $2 Million With Amit Doshi & Shallini Mehra As Brokers
350 Audubon Avenue
$2,000,000
$178/SF
Building Size
11,205 SF
Asset Type
MultiFamily
Closing
Nov 3, 2025
About this deal
AI
This multifamily property located at 350 Audubon Avenue in the Washington Heights market was sold for $2,000,000. The building features 15 units, comprised of 7 Free Market apartments and 8 Rent Stabilized apartments. The total square footage of the property is 11,205, resulting in a price per unit of $133,333 and a price per square foot of $178. The Gross Rent Multiplier (GRM) is reported at 6.2x, with a Capitalization Rate (CAP RATE) of 4.7%.
Summary of transaction details:
- Property Type: Multifamily (47% Free Market)
- Transaction Amount: $2,000,000
- Units: 15
- Price per Unit: $133,333
- Square Footage: 11,205
- Price per Square Foot: $178
- Gross Rent Multiplier: 6.2x
- Capitalization Rate: 4.7%
The deal was brokered by Amit Doshi and Shallini Mehra from Meridian Capital Group, who represented the seller in this transaction.
On the Map
$2,000,000
$178/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93