The property asset involved in the transaction is a multifamily building located at 1270 St. Nicholas Avenue in the Washington Heights market. The sale was finalized for $5,900,000, comprising 50 units with a price per unit of $118,000. The total square footage of the property is 47,988, which translates to a price per square foot of $122.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,900,000
• Units: 50
• Price per Unit: $118,000
• Total Square Footage: 47,988
• Price per Square Foot: $122
• Transaction Date: 8/4/2025
• Address: 1270 St. Nicholas Avenue
• Market: Washington Heights

The brokers representing the transaction are Seth Glasser and Michael Fusco from Marcus & Millichap, who were integral to the deal. Their expertise contributed to the successful completion of the sale in the Washington Heights area.