Updated Sep 8, 2026
579 Fort Washington Avenue Multifamily Sold For $6.65M With Brokers Sam Schertz Jack Mastrocola Alexander Taic
579 Fort Washington Avenue
$6,650,000
$142/SF
Building Size
46,550 SF
Asset Type
MultiFamily
Closing
Aug 27, 2026
About this deal
AI
The property asset involved in this transaction is a MultiFamily unit located at 579 Fort Washington Avenue in the Washington Heights market. The sale was completed for a price of $6,650,000, encompassing 62 units within a total building area of 46,550 square feet, resulting in a price per unit of $107,258 and a price per square foot of $142.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $6,650,000
- Units: 62
- Square Footage: 46,550
- Price per Unit: $107,258
- Price per Square Foot: $142
The deal was represented by brokers Sam Schertz, Jack Mastrocola, and Alexander Taic from Ariel Property Advisors, who facilitated the transaction for the involved parties.
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
2.39%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93