IMAGE: Andrew Levine & Josh Lipton
ADDRESS: 419 W. 144th St.
ASSET TYPE: Multifamily ~ ZONING: R6A
BUYER: Immanuel Gilen
SELLER: Ian MacGregor
BROKERS: Josh Lipton & Andrew Levine @InvictusPropertyAdvisors
BSF: 5,994 ~ PPBSF: $462
SF: 4,595 ~ PPSF: $603
TAX CLASS: 2A
NOTE FROM BROKER: @Invictuspropertyadvisors sold the subject property for a 3.5% cap rate on existing income. The building has been owned and managed by the same family for 40 years. The PPSF was attractive for a 20’ wide townhouse with free market units renting below market in the prized Hamilton Heights Historic District.
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