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Cedarbridge Management Acquires Multifamily Property From Stellar Management For $3,250,000 In Washington Heights

Property Image
SOLD
$3,250,000

New York

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MultiFamily60,072 SF
Sold 04/13/2026
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Property Image
SOLD

Cedarbridge Management Acquires Multifamily Property From Stellar Management For $3,250,000 In Washington Heights

65 Fort Washington Avenue

See Similar Deals
MultiFamily60,072 SF
Sold 04/13/2026
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$54
Total Square Footage:60,072 SF
Transaction Type:Sale

The property asset involved in the transaction is located at 65 Fort Washington Avenue in the Washington Heights market. The multifamily asset consists of 39 units and has a total square footage of 60,072. The property was sold for $3,250,000, resulting in a price per unit of $83,333 and a price per square foot of $54.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,250,000
  • Units: 39
  • Square Footage: 60,072
  • Price Per Unit: $83,333
  • Price Per Square Foot: $54
  • Buyer: Cedarbridge Management
  • Seller: Stellar Management
  • Brokers: Aaron Jungreis, Ben Khakshoor & Alex Fuchs - Rosewood Realty Group

The transaction was spearheaded by Cedarbridge Management as the buyer and Stellar Management as the seller. The brokers representing the deal were Aaron Jungreis, Ben Khakshoor, and Alex Fuchs from Rosewood Realty Group. It is notable that the building suffered significant fire damage.

Players

Aaron Jungreis
204 deals$4.3B volume(212) 359-9900
BROKER

Ben Khakshoor
Rosewood Realty Group
134 deals$1.9B volume(212) 359-9913
BROKER

Alex Fuchs
Rosewood Realty Group
101 deals$1.9B volume
BROKER

BUYER

Details

SOLD
IMAGE: Aaron Jungreis, Ben Khakshoor & Alex Fuchs DATE: 4/13/2026 ADDRESS: 65 Fort Washington Avenue MARKET: Washington Heights ASSET TYPE: Multifamily BUYER: Cedarbridge Management SELLER: Stellar Management (@StellarManagement) BROKERS: Aaron Jungreis (@AaronJungreis), Ben Khakshoor (@BenKhak) & Alex Fuchs (@AlexFuchs1) - Rosewood Realty Group (@RosewoodRG) SALE PRICE: $3,250,000 UNITS: 39 ~ PPU: $83,333 SF: 60,072 ~ PPSF: $54 NOTE FROM BROKER: the building suffered significant fire damage

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$173,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,546.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,406.66
Annual Debt Service$184,879.90