Updated Dec 21, 2023
Daniel Wechsler Acquires Multifamily Property In Washington Heights, Manhattan For $3.5M
523 West 160th Street, Manhattan, New York, NY, USA
$3,500,000
$227/SF
Building Size
15,370 SF
Asset Type
MultiFamily
Closing
Jun 16, 2021
About this deal
AI
The multifamily property located at 523 West 160 Street in Washington Heights, Manhattan has been sold for $3,500,000. The property spans across 15,370 square feet with a price per square foot of $227. The transaction took place on June 17, 2021. The property falls under the R7-2 zoning category.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,500,000
- Square Footage: 15,370
- Price per Square Foot: $227
- Address: 523 West 160 Street, Washington Heights, Manhattan
- Market: Washington Heights, Manhattan
- Buyer: Daniel Wechsler
- Seller: Yoav Haron
Daniel Wechsler served as the buyer in this transaction, while Yoav Haron acted as the seller. They were represented by their respective brokers or representatives throughout the deal.
On the Map
$3,500,000
$227/SF
MultiFamily
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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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93