Jesse Deutch Of Two80 Real Estate Ventures Purchases Multifamily Asset From Barry Rudofsky For $7.5M
624 West 176th Street
$7,500,000
$161/SF
Building Size
46,500 SF
Asset Type
Mixed-use
Closing
Oct 26, 2025
AI
The property asset involved in the transaction is a multifamily residential building located at 624 West 176th Street in Washington Heights, Manhattan. The property comprises 52 units, with a total square footage of 46,500. The sale was completed for a transaction amount of $7,500,000, resulting in a price per unit of $144,231 and a price per square foot of $161.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,500,000
- Units: 52
- Square Footage: 46,500
- Price Per Unit: $144,231
- Price Per Square Foot: $161
- Buyer: Jesse Deutch - Two80 Real Estate Ventures
- Seller: Barry Rudofsky - Bronstein Properties
- Date of Transaction: 10/26/2025
- Market: Washington Heights, Manhattan
The buyer, Jesse Deutch, represented Two80 Real Estate Ventures in this transaction, while the seller, Barry Rudofsky, represented Bronstein Properties. Two80 Real Estate Ventures, via 624 West 176th Realty LLC, facilitated the payment for the property in this closed transaction.
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
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93