Jesse Deutch's Two 80 Ventures Acquires Washington Heights Multifamily For $9.25M
75 Wadsworth Terrace & 89 Wadsworth Terrace
$9,250,000
$72/SF
Building Size
127,870 SF
Asset Type
MultiFamily
Closing
Nov 17, 2023
AI
A multifamily property located at 75-89 Wadsworth Terrace in Washington Heights has been sold in a closed transaction. The property consists of 81 units with a total square footage of 63,935. The sale price for this transaction was $9,250,000, resulting in a price per unit of $114,198 and a price per square foot of $145.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,250,000
- Address: 75-89 Wadsworth Terrace
- Market: Washington Heights
- Buyer: Jesse Deutch - Two 80 Ventures
- Seller's Representatives: Victor Sozio, Shimon Shkury, Alexander Taic & Jake Brody - Ariel Property Advisors
Jesse Deutch, representing Two 80 Ventures, acted as the buyer for this transaction. The seller was represented by Victor Sozio, Shimon Shkury, Alexander Taic, and Jake Brody from Ariel Property Advisors.
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
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93