The Schreiber Properties Acquires Multifamily In Washington Heights For $3.95M

A multifamily property located at 502 West 170th Street in Washington Heights, Manhattan has been sold for $3,950,000. The property consists of 20 units with a total square footage of 16,350. The price per unit was $197,500, and the price per square foot was $241.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,950,000
• Address: 502 West 170th Street
• Market: Washington Heights, Manhattan
• Units: 20
• Price per Unit: $197,500
• Square Footage: 16,350
• Price per Square Foot: $241

The buyer of the property was The Schreiber Properties, represented by Sam Schreiber. The seller was Guillermo Garcia. The buyer's representative in the deal was Jamie DeNicola from Cignature Realty Associates, while the seller was represented by Lazer Sternhell and Peter Vanderpool, also from Cignature Realty Associates.

Cignature Realty Associates, a leader in New York Metro multifamily and apartment building sales, facilitated the transaction. They are a 4x recipient of the CoStar Top Firms honor. For more information about Cignature Realty and their services, you can visit their website at CignatureRealty.com.