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.
On the Map
$6,650,000
$142/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
2.39%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93