Updated Aug 27, 2026
SOLDMultiFamily
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
About this deal
AI
The property at 37 Overlook Terrace, located in the Washington Heights market, is a multifamily asset that sold for $3,800,000. The building comprises 42 units with a total square footage of 40,301, 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
- Square Footage: 40,301
- Price Per Unit: $90,476
- Price Per Square Foot: $94
- Buyer's Representative: Sam Schertz & Victor Sozio - Ariel Property Advisors
- Seller's Representatives: Joel Cukier - Malchus Real Estate & Dov Chein - Brooklyn Vertical
This transaction involved the representation of the buyer by Sam Schertz and Victor Sozio from Ariel Property Advisors, while Joel Cukier from Malchus Real Estate and Dov Chein from Brooklyn Vertical represented the seller in the process.
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