Updated Dec 21, 2023
Morris Arlos Acquires Washington Heights Multifamily From Alex Laszlo
503 W 169th St, New York, NY 10032, USA
Building Size
21,102 SF
Asset Type
MultiFamily
Closing
Nov 28, 2020
About this deal
AI
The multifamily property located at 503 West 169th Street in Washington Heights, New York, was recently sold for a price of $4,900,000. The property consists of 24 units with a price per square foot of $233. The total price per unit was estimated at $204,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,900,000
- Price per Square Foot: $233
- Number of Units: 24
- Price per Unit: $204,000
The seller of the property was Alex Laszlo, while the buyer was Morris Arlos. The transaction was facilitated by brokers Josh Pomerantz and Rami Polinsky of HPNY, who represented both sides of the deal.
On the Map
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93