Avraham Dishi Acquires Apartment In Washington Heights From Eli Schron For $5.9M
521 West 185th Street, New York City, New York 10033, United States
$5,855,296
$238/SF
Building Size
24,570 SF
Asset Type
MultiFamily
Closing
Mar 3, 2022
AI
The apartment property located at 521 West 185th Street in Washington Heights, Manhattan has been sold in a closed transaction. This apartment is zoned as R7-2 and has a lot size of 6,500 square feet. The building has a total square footage of 24,570, with a price per square foot of $238. The buyer of the property is Avraham Dishi, while the seller is Eli Schron. The transaction took place on March 4, 2022, with a sale price of $5,855,296. The last recorded sale of the property was on May 21, 2014, for a price of $4,350,000. The property was previously issued an alteration permit on August 25, 2017.
Summary of transation details
- Property Type: Apartment
- Transaction Amount: $5,855,296
- Market: Washington Heights, Manhattan
- Zoning: R7-2
- Buyer: Avraham Dishi
- Seller: Eli Schron
The property has a building square footage (BSF) of 22,360, with a price per BSF of $261. The floor area ratio (FAR) of the property is 3.78. The tax class for the property is 2. The lot dimensions measure 120 feet by 54 feet.
Players
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
2.71%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93