Stellar Management Sells Mixed-Use Property At 604 West 162nd Street For $3,350,000
604 West 162nd Street
$3,350,000
$110/SF
Building Size
30,204 SF
Asset Type
Mixed-use
Closing
Aug 6, 2026
About this deal
AI
The property asset involved in this transaction is a mixed-use building located at 604 West 162nd Street in the Washington Heights market. The seller was Stellar Management, and the property sold for $3,350,000. The building comprises 40 units and has a total square footage of 30,204, resulting in a price per unit of $83,750 and a price per square foot of $110.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,350,000
- Address: 604 West 162nd Street
- Market: Washington Heights
- Units: 40
- Square Footage: 30,204
- Price Per Unit: $83,750
- Price Per Square Foot: $110
- Seller: Stellar Management
- Broker Representatives: Shlomo Antebi, Yosef Katz & Erik Yankelovich - Atlas Realty Group
The transaction involved key individuals, including broker representatives Shlomo Antebi, Yosef Katz, and Erik Yankelovich from Atlas Realty Group, who facilitated the deal on behalf of Stellar Management. Their involvement was pivotal in concluding this mixed-use property sale.
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
4.74%
Cash-on-Cash
-1.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93