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
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