Rob Yaffa Sells Mixed-Use Property In Washington Heights For $4.3M
537 Edgecombe Avenue, New York, NY 10032, USA & 537 Edgecombe Avenue, New York, NY 10032, USA
$4,300,000
$201/SF
Building Size
21,368 SF
Asset Type
Mixed-use
Closing
Mar 25, 2021
AI
The mixed-use property located at 537 Edgecombe Ave in Washington Heights was recently sold for a total price of $4,300,000. The property spans 10,684 square feet with a price per square foot of $402. It consists of 12 units, with an average price per unit of $358,333. The sale was finalized on March 26, 2021.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,300,000
- Address: 537 Edgecombe Ave
- Market: Washington Heights
- Zoning: R7-2
The seller of the property was Rob Yaffa. The deal was facilitated by brokers Peter Von Der Ahe, Joe Koicim, Seth Glasser, and Jake Kahn from New York Multifamily and Marcus & Millichap New York.
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
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93