Black Bear Capital Acquires Multifamily Property In Washington Heights For $1.05M

Located in Washington Heights, the property at 16 Washington Terrace has recently been sold in a closed transaction. The asset type is a multifamily property, with a zoning classification of R7-2. The sale occurred on 02/16/2021.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,050,000
• Address: 16 Washington Terrace
• Market: Washington Heights
• Zoning: R7-2

The buyer in this transaction is Black Bear Capital, represented by Jake Croman, Jack Haroche, Jeremey Tahari, and Alec Steinberg. The seller is Nadav Mor.

The property has a building square footage (BSF) of 3,815, with a price per BSF of $275. Additionally, the property has a total square footage (SF) of 2,041, with a price per SF of $514. The property consists of 3 units, with a price per unit (PPU) of $350,000.

This was an all-cash deal. Black Bear Capital is actively seeking multi-family deals in NYC, particularly in Manhattan. For more information, interested parties can reach out directly to [email protected].