Aulder Capital Acquires Multi Family Property In Washington Heights For $14.5M

A multi-family property located at 574-580 W 176th Street in Washington Heights, New York, has been sold for $14,475,000. With a total square footage of 43,470 sf, the property was purchased at a price of $332 per square foot. The capitalization rate for this transaction is 4.25% and the price per unit is $241,250.

Summary of transaction details

• Property Type: Multi Family
• Transaction Amount: $14,475,000
• Square Footage: 43,470 sf
• Price per Square Foot: $332
• Capitalization Rate: 4.25%
• Price per Unit: $241,250

The seller of the property was ABC Realty – Fisher Associates, while the buyer was Aulder Capital represented by Michael Zito. The broker involved in this transaction was Sam Schertz from Avison Young Global.