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501 West 184th Street, New ...

Updated Oct 25, 2024

Bilt advertisement
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

About this deal

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

$198.2M

vol

11 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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Deal FAQ

About $234 per square foot on a published $8.5M for 36,092 square feet (2022).

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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

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