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523 West 160th Street, Manh...

Daniel Wechsler Acquires Multifamily Property In Washington Heights, Manhattan For $3.5M
SOLDMultiFamily

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

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.

Players

Daniel Wechsler

Two80 Real Estate Ventures

Buyer

$9.5M

vol

2 deals

Buyer

Yoav Haron

Seller

$240.5M

vol

4 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

4.53%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93