Multifamily Property At 350 Audubon Avenue Sold For $2 Million With Amit Doshi & Shallini Mehra As Brokers
SOLD
$2,000,000
New York
See Similar DealsMultiFamily11,205 SF
Sold 11/04/2025
SOLD
Multifamily Property At 350 Audubon Avenue Sold For $2 Million With Amit Doshi & Shallini Mehra As Brokers
350 Audubon Avenue
See Similar DealsMultiFamily11,205 SF
Sold 11/04/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$178
Total Square Footage:11,205 SF
Transaction Type:Sale
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.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24
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