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521 West 185th Street, New ...

Avraham Dishi Acquires Apartment In Washington Heights From Eli Schron For $5.9M
SOLDMultiFamily

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

Eli Schron

Cammeby’s International Group

Broker

$183.1M

vol

10 deals

Broker

Avraham Dishi

Buyer

$101.1M

vol

10 deals

Buyer
Eli Schron

Eli Schron

Seller

$183.1M

vol

10 deals

Seller

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