Greg Corbin & Felix Ades Of Northgate Real Estate Group Sell Mixed-Use Property In Washington Heights For $5M
651 West 169th Street
$5,000,000
$258/SF
Building Size
19,380 SF
Asset Type
Mixed-use
Closing
Jul 27, 2025
AI
The mixed-use property located at 651 West 169th Street in the Washington Heights market has been sold for a total price of $5,000,000. The asset consists of 21 units, totaling 19,380 square feet, equating to a price per unit of $238,095 and a price per square foot of $257.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $5,000,000
- Units: 21
- Square Feet: 19,380
- Price per Unit: $238,095
- Price per Square Foot: $257
- Date of Sale: 7/28/2025
- Brokers: Greg Corbin & Felix Ades - Northgate Real Estate Group
In this transaction, Greg Corbin and Felix Ades represented the seller on the deal. They are affiliated with Northgate Real Estate Group, highlighting the professional involvement in the property sale process.
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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93