Avi Dishi's Elysee Investment Corp Acquires Multifamily Property In Washington Heights For $8.8M

The property involved in this transaction consists of three residential walkup buildings situated at 476 West 165th Street, 2153 Amsterdam Avenue, and 503 West 164th Street, located in the Washington Heights market of Manhattan. The total sale price for these multifamily assets was $8,800,000, encompassing 101 units with a price per unit of $87,129. The overall square footage of the properties is 105,937, resulting in a price per square foot of $83.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,800,000
• Buyer: Avi Dishi - Elysee Investment Corp
• Seller: Alexander Hajibay - Heritage Realty
• Total Units: 101
• Price Per Unit: $87,129
• Total Square Footage: 105,937
• Price Per Square Foot: $83

Avi Dishi’s Elysee Investment Corp facilitated the acquisition through Ritz Partners LLC, acquiring the properties from Alexander Hajibay’s Heritage Realty. This deal emphasizes the ongoing activity in the multifamily market within the Washington Heights area of Manhattan.