Adam Goodstein Of Seastone Capital Acquires Mixed-Use Building At 495 West 186th Street For $6.35M

The property asset involved in the transaction is a mixed-use building located at 495 West 186th Street in Manhattan. The sale was completed for a price of $6,350,000 with a total of 58 units, yielding a price per unit of $109,482. The building encompasses 61,250 square feet, resulting in a price per square foot of $103.

Summary of transation details:

• Property Type: Mixed-use
• Transaction Amount: $6,350,000
• Buyer: Adam Goodstein - Seastone Capital
• Seller: Rich Nussbaum
• Brokers: Aaron Jungreis, Ben Khakshoor & Alex Fuchs - Rosewood Realty Group
• Units: 58
• Square Footage: 61,250
• Price per Unit: $109,482
• Price per Square Foot: $103

Key individuals involved in the transaction include Adam Goodstein representing Seastone Capital as the buyer and Rich Nussbaum as the seller. The brokerage team, consisting of Aaron Jungreis, Ben Khakshoor, and Alex Fuchs, facilitated the transaction through Rosewood Realty Group. Notably, the building was in an Alternative Enforcement Program (AEP) and had 320 violations.