Jesse Deutch Of Two80 Real Estate Ventures Acquires Mixed-Use Building From Mark Scharfman For $16.9M

The mixed-use building located at 126 Nagle Avenue in Washington Heights, Manhattan has been sold for $16,900,000. This property encompasses a total area of 66,056 square feet and consists of 87 residential units and eight retail units, with a price per unit of $194,253 and a price per square foot of $256.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $16,900,000
• Units: 87
• Square Footage: 66,056
• Price Per Unit: $194,253
• Price Per Square Foot: $256
• Buyer: Jesse Deutch - Two80 Real Estate Ventures
• Seller: Mark Scharfman - Scharfman Organization
• Date of Transaction: December 2, 2025

Jesse Deutch, representing Two80 Real Estate Ventures through 1 Arden Realty LLC, was involved in the acquisition of the property from Mark Scharfman, who is affiliated with the Scharfman Organization. This transaction is expected to yield a cash-flowing use of the property.