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501 West 184th Street, New ...

Avraham Dishi Acquires Apartment In Washington Heights For $8.5M
SOLDMultiFamily

Avraham Dishi Acquires Apartment In Washington Heights For $8.5M

501 West 184th Street, New York City, New York 10033, United States

$8,462,364

$234/SF

Building Size

36,092 SF

Asset Type

MultiFamily

Closing

Mar 3, 2022

AI

The apartment building located at 501 West 184th Street in Washington Heights, Manhattan has been sold in a recent transaction. The property is zoned as R7-2 and has an apartment structure. The lot size is 7,411 square feet with dimensions of 74.92 ft x 100 ft. The building has a total square footage of 36,092, with a price per square foot of $234. The transaction took place on March 4, 2022, and the property was sold for $8,462,364. The buyer of the property is Avraham Dishi, while the seller is Eli Schron.

Summary of transaction details

  • Property Type: Apartment
  • Transaction Amount: $8,462,364
  • Market: Washington Heights, Manhattan
  • Zoning: R7-2

The deal was completed with a price per square foot of $234, and the building has a total square footage of 36,092. The buyer of the property, Avraham Dishi, was represented by their broker, while the seller, Eli Schron, was not mentioned to have a representative in the deal. The property has a floor area ratio (FAR) of 4.87, and it falls under tax class 2. The lot size is 7,411 square feet, with dimensions of 74.92 ft x 100 ft.

Players

Eli Schron

Cammeby’s International Group

Broker

$183.1M

vol

10 deals

Broker

Avraham Dishi

Buyer

$101.1M

vol

10 deals

Buyer

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

1.87%

Cash-on-Cash

-0.54%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93