Elysee Investment Company Acquires Multifamily Portfolio In Washington Heights For $92M

A multifamily property located at 399, 400, 403 & 407 Audubon Avenue, 90 & 110 Laurel Hill Terrace, 497 West 182nd Street, 501 West 184th Street, 556 West 185th Street & 480 West 187th Street in the Washington Heights neighborhood of Manhattan has been sold in a closed transaction. The property consists of 411 units with a total square footage of 377,540. The sale price for the property was $92,000,000, with a per unit price of $223,844 and a price per square foot of $243.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $92,000,000
• Units: 411
• Price Per Unit: $223,844
• Square Footage: 377,540
• Price Per Square Foot: $243
• Address: 399, 400, 403 & 407 Audubon Avenue, 90 & 110 Laurel Hill Terrace, 497 West 182nd Street, 501 West 184th Street, 556 West 185th Street & 480 West 187th Street
• Market: Washington Heights, Manhattan

The buyer in this transaction is Elysee Investment Company, represented by Avi Dishi. The seller is Cammeby's International Group, represented by Rubin Schron. The brokers involved in the deal are Lazer Sternhell & Peter Vanderpool from Cignature Realty.