facebook
Traded Co logo
Submit

A&E Acquires Multifamily Property In Washington Heights For $13.1M

Property Image
SOLD
$13,135,000
Peter Von Der Ahe
Douglas Eisenberg
+ 2

New York

See Similar Deals
MultiFamily41,305 SF
Sold 04/01/2019
the dealplayerscompscontact
Property Image
SOLD

A&E Acquires Multifamily Property In Washington Heights For $13.1M

81 Wadsworth Avenue, New York, NY, USA

See Similar Deals
MultiFamily41,305 SF
Sold 04/01/2019
Peter Von Der Ahe
Douglas Eisenberg
+ 2
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$318
Total Square Footage:41,305 SF
Transaction Type:Sale

Located in Washington Heights, the multifamily property at 81 Wadsworth Ave has recently been sold in a closed transaction. The property spans across a total square footage of 41,305 and consists of 50 units. The sale price for this transaction was set at $13,135,000, resulting in a price per square foot of $318. The buyer, Douglas Eisenberg of A&E, acquired the property from the seller, Morris Weinberg. The deal was facilitated by brokers Peter Von Der Ahe, Seth Glasser, and Jake Kahn.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $13,135,000
  • Address: 81 Wadsworth Ave, Washington Heights
  • Market: Washington Heights
  • Square Footage: 41,305
  • Price Per Square Foot: $318
  • Units: 50
  • Buyer: Douglas Eisenberg - A&E
  • Seller: Morris Weinberg
  • Brokers: Peter Von Der Ahe, Seth Glasser, Jake Kahn

The successful transaction attracted attention from industry experts Peter Von Der Ahe, Doug Eisenberg, and Seth Glasser, who were involved in the deal. Their expertise and guidance played a key role in facilitating the sale of this multifamily property.

Players

Peter Von Der Ahe
110 deals$1.4B volume
BROKER

Seth Glasser
Marcus & Millichap
125 deals$1.1B volume
BROKER

Jake Kahn
Marcus & Millichap
29 deals$406.7M volume(516) 660-8075
BROKER

Douglas Eisenberg
7 deals$868M volume
BUYER


4 deals$73.3M volume
SELLER

4 deals$73.3M volume
SELLER

A&E Real Estate
LENDER

Details

SOLD
IMAGE: Peter Von Der Ahe, Doug Eisenberg and Seth Glasser DATE: 04/01/2019 ADDRESS: 81 Wadsworth Ave MARKET: Washington Heights ASSET TYPE: Multifamily PRICE: $13,135,000 SF: 41,305 PPSF: $318 UNITS: 50 PPU: $262,700 SELLER: Morris Weinberg BUYER: Douglas Eisenberg- A&E BROKERS: Peter Von Der Ahe, Seth Glasser, Jake Kahn

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$700,533.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$46,665.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$62,266.60
Annual Debt Service$747,199.21