facebook
Traded Co logo
Submit

Yori Acquires Commercial Property On Hillside Avenue In Washington Heights For $3M

Property Image
SOLD
$3,000,000

New York

See Similar Deals
Commercial38,940 SF
Sold 02/17/2022
the dealplayerscompscontact
Property Image
SOLD

Yori Acquires Commercial Property On Hillside Avenue In Washington Heights For $3M

150 Hillside Avenue, New York City, New York 10040, United States

See Similar Deals
Commercial38,940 SF
Sold 02/17/2022
Contact now

Summary

NEW YORK
Asset Type:Commercial
Price Per Square Foot:$77
Total Square Footage:38,940 SF
Transaction Type:Sale

The commercial property located at 150 Hillside Avenue & N/a Hillside Avenue in Washington Heights, Manhattan has been sold. The property is zoned as R7-2 and C1-4, allowing for various commercial uses. The transaction took place on 02/17/2022.

Summary of transaction details:

  • Property Type: Commercial
  • Transaction Amount: $3,000,000
  • Address: 150 Hillside Avenue & N/a Hillside Avenue, Washington Heights, Manhattan
  • Market: Washington Heights, Manhattan
  • Zoning: R7-2, C1-4
  • Buyer: Yori
  • Seller: Robert Wolf
  • Price: $3,000,000
  • Building Square Footage (BSF): 56,760
  • Price per BSF (PPBSF): $42
  • Lot Size: 16,500 square feet
  • Last Sale Price: $1,066,309 (12/27/2019)
  • Permits: Alteration 2 (06/24/2018)
  • Lot Dimension: 100 ft x 180 ft

This transaction showcases the involvement of Yori as the buyer and Robert Wolf as the seller. It marks a significant increase in sales price, compared to the previous sale price of $1,066,309 in 2019. The property's total square footage is approximately 38,940, and the price per square foot (PPSF) is $77. The property has a floor-to-area ratio (FAR) of 2.36 and falls under tax class 2.

Players

6 deals$100.1M volume
BROKER

6 deals$100.1M volume
SELLER

Details

SOLD
IMAGE: 02/17/2022 ADDRESS: 150 Hillside Avenue & N/a Hillside Avenue MARKET: Washigton Heights, Manhattan ASSET TYPE: Commercial ~ ZONING: R7-2, C1-4 BUYER: Yori SELLER: Robert Wolf PRICE: $3,000,000 BSF: 56,760 ~ PPBSF: $42 SF: 38,940 ~ PPSF: $77 FAR: 2.36 TAX CLASS: 2 LOT SIZE: 16,500 LAST SALE PRICE: $1,066,309 (12/27/2019) PERMITS: Alteration 2 (06/24/2018) LOT DIMENSION: 100 ft x 180 ft

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$160,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37