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403 Audubon Avenue, New Yor...

Avraham Dishi Acquires Apartment In Washington Heights, Manhattan For $5.4M
SOLDMultiFamily

Avraham Dishi Acquires Apartment In Washington Heights, Manhattan For $5.4M

403 Audubon Avenue, New York City, New York 10033, United States

$5,408,075

$308/SF

Building Size

17,524 SF

Asset Type

MultiFamily

Closing

Mar 3, 2022

AI

Located at 403 Audubon Avenue in Washington Heights, Manhattan, this apartment property was recently sold in a closed transaction. The property is zoned as R7-2 and has a total square footage of 17,524. The building offers a total of 17,372 square feet of buildable space, resulting in a price per buildable square foot of $311. The sale price for this property was $5,408,075, with a price per square foot of $308. The lot size measures approximately 5,050 square feet, with dimensions of 53 feet by 95 feet.

Summary of transation details

  • Property Type: Apartment
  • Transaction Amount: $5,408,075
  • Market: Washington Heights, Manhattan
  • Zoning: R7-2
  • Square Footage: 17,524
  • Buildable Square Footage: 17,372
  • Price per Buildable Square Foot: $311
  • Price per Square Foot: $308
  • Lot Size: 5,050 square feet

Avraham Dishi acted as the buyer in this transaction, while Eli Schron served as the seller. The previous sale of this property occurred on May 21, 2014, with a sale price of $3,625,000. The property has also undergone an alteration permit on April 28, 2017.

Please note that the Tax Class for this property is Class 2, and the property's Floor Area Ratio (FAR) is 3.47.

Overall, this closed transaction showcases the sale of a well-located apartment property in Washington Heights, Manhattan. With its desirable features and attractive price per square foot, this property presents a valuable investment opportunity.

Players

Eli Schron

Cammeby’s International Group

Broker

$183.1M

vol

10 deals

Broker

Avraham Dishi

Buyer

$101.1M

vol

10 deals

Buyer
Eli Schron

Eli Schron

Seller

$183.1M

vol

10 deals

Seller

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

2.93%

Cash-on-Cash

-0.84%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93