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150 Hillside Avenue, New Yo...

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

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

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

$3,000,000

$77/SF

Building Size

38,940 SF

Asset Type

Commercial

Closing

Feb 16, 2022

AI

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

Robert Wolf

Read Property Group

Broker

$100.1M

vol

6 deals

Broker

Robert Wolf

Seller

$100.1M

vol

6 deals

Seller

New York Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93