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

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.