Guerrero Family Acquires Washington Heights Property For $4.79M
2119 Amsterdam Avenue, New York, NY 10032
$4,790,000
$484/SF
Building Size
9,880 SF
Asset Type
Mixed-use
Closing
Sep 25, 2018
About this deal
AI
The property located at 2119 Amsterdam Avenue in Washington Heights was recently sold for $4,790,000. The sale took place on September 26, 2018. The property spans an area of 9,880 square feet, resulting in a price per square foot of $484. The transaction involved the seller, Larry Reichwald & Padma Hiranandani, and the buyer, the Guerrero Family. Marco Lala from RN Friedland represented the seller, while Josh Pomerantz PNY_ represented the buyer.
Summary of transation details
- Property Type: Sale
- Transaction Amount: $4,790,000
- Date: September 26, 2018
- Address: 2119 Amsterdam Avenue
- Market: Washington Heights
- Seller: Larry Reichwald & Padma Hiranandani
- Buyer: Guerrero Family
- Seller's Broker: Marco Lala - RN Friedland
- Buyer's Broker: Josh Pomerantz PNY_
- Property Size: 9,880 square feet
- Price per Square Foot: $484
The sale of the property was facilitated by Marco Lala from RN Friedland, representing the seller, and Josh Pomerantz PNY_, who represented the buyer, the Guerrero Family.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.31%
Cash-on-Cash
-0.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93