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Manhattan New Construction Multifamily

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Manhattan New Construction Multifamily
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$8,450,000 Sales price
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$642/SF Price per Ft
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6.7% Cap Rate
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100% Free-Market
  • New construction multifamily building consisting of 20 apartments (built 2020)
  • Free-Market unit rents are 10-15% below market
  • First sale (Being sold by original developer)
  • New 35-year Affordable NY Tax Abatement (70% Free-Market/30% Affordable)
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Lev Mavashev Managing Principal
212.658.0979 lev(at)alpharealtyny(dotted)com
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Yehuda Leser Senior Director
212.658.0826 yehuda(at)alpharealtyny(dotted)com
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