Sam Schertz & Victor Sozio Of Ariel Property Advisors Facilitate $3.8M Multifamily Sale In Washington Heights
37 Overlook Terrace
$3,800,000
$94/SF
Building Size
40,301 SF
Asset Type
MultiFamily
Closing
Jun 17, 2026
AI
The multifamily asset located at 37 Overlook Terrace in Washington Heights consists of 42 units and encompasses a total square footage of 40,301. The property was sold for a transaction amount of $3,800,000, resulting in a price per unit of $90,476 and a price per square foot of $94.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,800,000
- Units: 42
- Total Square Footage: 40,301
- Price Per Unit: $90,476
- Price Per Square Foot: $94
- Date of Sale: 6/18/2026
- Market: Washington Heights
- Brokers: Sam Schertz & Victor Sozio - Ariel Property Advisors
Sam Schertz and Victor Sozio from Ariel Property Advisors represented the parties in this transaction, contributing their expertise in the multifamily market within Washington Heights.
Players
Market 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
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93