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537 Edgecombe Avenue, New Y...

Rob Yaffa Sells Mixed-Use Property In Washington Heights For $4.3M
SOLDMixed-use

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

Peter Von Der Ahe

Marcus & Millichap

Broker

$1.4B

vol

110 deals

Broker
Joseph (Joe) Koicim
Verified Badge

Joseph Koicim

Marcus & Millichap

Broker

$2.7B

vol

174 deals

Broker

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