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37 Overlook Terrace

Sam Schertz & Victor Sozio Of Ariel Property Advisors Facilitate $3.8M Multifamily Sale In Washington Heights
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

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:

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

Sam Schertz

Ariel Property Advisors

Broker

$93.3M

vol

11 deals

Broker

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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