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75 Wadsworth Terrace

Jesse Deutch's Two 80 Ventures Acquires Washington Heights Multifamily For $9.25M
SOLDMultiFamily

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

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

Alexander Taic

Ariel Property Advisors

Broker

$148.4M

vol

20 deals

Broker
Jesse Deutch

Jesse Deutch

Buyer

$61.1M

vol

8 deals

Buyer

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