109 Audubon Realty LLC Acquires Mixed-Use Property In Washington Heights For $2.9M

109 Audubon Avenue, a corner mixed-use property located in Washington Heights, was recently sold in a closed transaction. The property, with a total square footage of 5,600, was purchased for $2,900,000 at a price per square foot of $517. The buyer in this transaction was 109 Audubon Realty LLC, represented by Jesse Deutch, the Managing Member of the company. On the other side of the deal, Chambord West Realty, acting on behalf of The Estate of Jacques Chreiten, served as the seller. The brokerage involved in this transaction was Ariel Property Advisors.

Summary of transaction details

• Property Type: Multi Family
• Transaction Amount: $2,900,000
• Location: 109 Audubon Avenue, Washington Heights
• Total Square Footage: 5,600
• Price per Square Foot: $517
• Buyer: 109 Audubon Realty LLC – Jesse Deutch, Managing Member
• Seller: Chambord West Realty – The Estate of Jacques Chreiten
• Broker: Ariel Property Advisors

This transaction represents a significant investment in the vibrant Washington Heights market. The sale of the property highlights the strong demand for mixed-use assets in the area, and with its prime location on a corner, it offers excellent visibility and potential for continued growth. The involvement of reputable parties such as 109 Audubon Realty LLC, Chambord West Realty, and Ariel Property Advisors further underscores the favorable nature of this transaction.