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Jesse Deutch Of Two80 Real Estate Ventures Purchases Multifamily Asset From Barry Rudofsky For $7.5M

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SOLD
$7,500,000

New York

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Mixed-use46,500 SF
Sold 10/26/2025
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SOLD

Jesse Deutch Of Two80 Real Estate Ventures Purchases Multifamily Asset From Barry Rudofsky For $7.5M

624 West 176th Street

See Similar Deals
Mixed-use46,500 SF
Sold 10/26/2025
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$161
Total Square Footage:46,500 SF
Transaction Type:Sale

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

8 deals$61.1M volume
BUYER

Barry Rudofsky
6 deals$75.5M volume
SELLER

SELLER

Details

SOLD
IMAGE: Barry Rudofsky & Jesse Deutch DATE: 10/26/2025 ADDRESS: 624 West 176th Street MARKET: Washington Heights, Manhattan ASSET TYPE: Multifamily BUYER: Jesse Deutch - Two80 Real Estate Ventures SELLER: Barry Rudofsky - Bronstein Properties SALE PRICE: $7,500,000 UNITS: 52 ~ PPU: $144,231 SF: 46,500 ~ PPSF: $161 NOTE: Two80 Real Estate Ventures, via 624 West 176th Realty LLC, paid $7.5 million for the 52-unit residential building at 624 West 176th Street in Washington Heights, Manhattan.

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Operating Income
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$26,645.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,553.83
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