Updated Dec 21, 2023
Daniel Wiener Acquires Multi Family Property On Ft Washington Avenue In Washington Heights, Manhattan For $8.9M
295 Fort Washington Avenue, New York City, New York 10032, United States
$8,896,000
$179/SF
Building Size
49,710 SF
Asset Type
MultiFamily
Closing
Dec 27, 2021
About this deal
AI
An R8 zoned multi-family property located at 295 Ft Washington Avenue in Washington Heights, Manhattan was recently sold. The transaction took place on December 28, 2021. The property, with a lot size of 12,736 square feet, features a building with a total square footage of 49,710. The buyer, Daniel Wiener, purchased the property from the seller, Anthony W Arias, for a price of $8,896,000. The price per square foot for the property is $179, while the price per buildable square foot is $116. The property's floor area ratio (FAR) is 3.90, and its tax class is 2. The previous sale of the property was recorded at a price of $0. The lot has dimensions of 99.42 feet by 144 feet.
Summary of transation details
- Property Type: Multi Family
- Transaction Amount: $8,896,000
- Market: Washington Heights, Manhattan
- Buyer: Daniel Wiener
- Seller: Anthony W Arias
Daniel Wiener acted as the buyer's representative in this transaction.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.78%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93