facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Condo

/

Sale

/

92 Pinehurst Avenue

Sentinel Real Estate Sells Condo At 92 Pinehurst Avenue To Alma Realty For $11.1M
SOLDCondo

Sentinel Real Estate Sells Condo At 92 Pinehurst Avenue To Alma Realty For $11.1M

92 Pinehurst Avenue

$11,100,000

$152/SF

Building Size

72,986 SF

Asset Type

Condo

Closing

Aug 30, 2023

AI

A 72-unit rental condominium unit at 92 Pinehurst Avenue in Washington Heights, Manhattan, has been sold for a total of $11,100,000. The property, a condo, spans 72,986 square feet and has a price per square foot of $152.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $11,100,000
  • Square Footage: 72,986
  • Price per Square Foot: $152
  • Address: 92 Pinehurst Avenue, Washington Heights, Manhattan

The buyer of the property is Brian Ritter, representing Sentinel Real Estate. The seller is Abraham Philip, representing Alma Realty. This sale is part of a series of transactions between Sentinel Real Estate and Alma Realty, with a total value of $11.1 million. It is the fourth and fifth sale between the two parties this year. The second transaction involved a 43-unit residential elevator building in the same area.

Players

Brian Ritter

Sentinel Real Estate

Buyer

$76.4M

vol

6 deals

Buyer

Abraham Philip

Alma Realty

Seller

$12.6M

vol

2 deals

Seller

Methuen Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.43%

Cash-on-Cash

-0.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93