Updated Sep 11, 2026
SOLDMultiFamily
The Harkham Family Acquires Multifamily Building In Washington Heights For $26.75M
555 Edgecombe Avenue, New York City, New York 10032, United States
$26,750,000
$159/SF
Building Size
167,948 SF
Asset Type
MultiFamily
Closing
Apr 19, 2022
About this deal
AI
Located in Washington Heights, Manhattan, the multifamily property at 555 Edgecombe Ave. has recently been sold for a total of $26,750,000. The property consists of 128 units, with an average price per unit of $208,984. The total square footage of the property is 168,000, resulting in a price per square foot of $159.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $26,750,000
- Address: 555 Edgecombe Ave.
- Market: Washington Heights, Manhattan
The buyer of the property is The Harkham Family. The sale was facilitated by the brokers Seth Glasser, Joe Koicim, and Jake Kahn of Marcus & Millichap.
On the Map
$26,750,000
$159/SF
MultiFamily
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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
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93