Yassky Properties And Michael Aryeh Refinance 52-Unit Building At 220 Wadsworth Avenue For $8.8M
220 Wadsworth Avenue
$8,800,000
$155/SF
Building Size
56,652 SF
Asset Type
MultiFamily
Closing
May 28, 2026
AI
A 52-unit residential elevator building located at 220 Wadsworth Avenue in Washington Heights, Manhattan, was refinanced with an $8.8 million loan. The asset spans 56,652 square feet and is under ownership of Yassky Properties and Michael Aryeh, associated with RoeCo LLC.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $8,800,000
- Lender: Flushing Bank
- Landlord: Yassky Properties & Michael Aryeh - RoeCo LLC
- Prior Debt Holder: An affiliate of the Manocherian family
- Date of Transaction: 05/28/2026
Michael Aryeh from RoeCo LLC collaborated with Yassky Properties to secure this refinance through 113 West LLC, highlighting their involvement in managing the financial aspects of the property and replacing the existing debt.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.80%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93