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
Methuen Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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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