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ELH Management Acquires West Bridge Associates Portfolio In Harlem For $16.85M

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SOLD
$16,850,000
Seth Glasser
Peter Von Der Ahe
+ 2

New York

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MultiFamily96,309 SF
Sold 03/13/2018
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Property Image
SOLD

ELH Management Acquires West Bridge Associates Portfolio In Harlem For $16.85M

508 West 151st Street, Manhattan, New York, NY, USA

See Similar Deals
MultiFamily96,309 SF
Sold 03/13/2018
Seth Glasser
Peter Von Der Ahe
+ 2
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$175
Total Square Footage:96,309 SF
Transaction Type:Sale

The West Bridge Associates Portfolio, a multifamily property located in Harlem, New York, has been sold for a total price of $16,850,000. The portfolio consists of six properties: 508, 520, 535, and 566 West 151st Street, as well as 510 and 519 West 152nd Street. With a total square footage of 96,309, the price per square foot for this transaction is $175. The multifamily asset comprises 107 units, making it an attractive investment opportunity in the Harlem market.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $16,850,000
  • Address: 508, 520, 535, 566 West 151st & 510, 519 West 152nd, Harlem, New York
  • Market: Harlem
  • Seller: West Realty Group - Allan Heussinger
  • Buyer: ELH Management - Larry Hirschfield
  • Brokers: Peter Von Der Ahe, Seth Glasser, Joe Koicim, and Jacob Kahn @JTKAHN12
  • Square Footage: 96,309
  • Price per Square Foot: $175
  • Number of Units: 107

The sale of the West Bridge Associates Portfolio was facilitated by brokers Peter Von Der Ahe, Seth Glasser, Joe Koicim, and Jacob Kahn @JTKAHN12. Allan Heussinger, representing West Realty Group, acted as the seller, while Larry Hirschfield of ELH Management was the buyer. This transaction exemplifies the strong investment potential of the multifamily market in Harlem.

Players

Peter Von Der Ahe
110 deals$1.4B volume
BROKER

Seth Glasser
Marcus & Millichap
125 deals$1.1B volume
BROKER

Joseph (Joe) Koicim
Marcus & Millichap
172 deals$2.7B volume(212) 430-5147
BROKER

Jake Kahn
Marcus & Millichap
29 deals$406.7M volume(516) 660-8075
BROKER


3 deals$29.4M volume
BUYER

Details

SOLD
IMAGE: Joe Koicim, Peter Von Der Ahe and Seth Glasser (@SethGlasser1) DATE: 3/13/2018 ADDRESSES: 508, 520, 535, 566 West 151st & 510, 519 West 152nd PACKAGE: West Bridge Associates Portfolio CITY: New York MARKET: Harlem ASSET TYPE: Multifamily SELLER: West Realty Group - Allan Heussinger BUYER: ELH Management - Larry Hirschfield BROKER: Peter Von Der Ahe, Seth Glasser, Joe Koicim, and Jacob Kahn @JTKAHN12 PRICE: $16,850,000 SF: 96,309  ~ PPSF: $175 UNITS: 107

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