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Victor Sozio, Sam Schertz & Remi Mandell Of Ariel Property Advisors Facilitate $2.8M Multifamily Sale In Washington Heights

Property Image
SOLD
$2,800,000

New York

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MultiFamily26,630 SF
Sold 05/20/2026
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SOLD

Victor Sozio, Sam Schertz & Remi Mandell Of Ariel Property Advisors Facilitate $2.8M Multifamily Sale In Washington Heights

511 West 151st Street

See Similar Deals
MultiFamily26,630 SF
Sold 05/20/2026
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$105
Total Square Footage:26,630 SF
Transaction Type:Sale

The property asset involved in this transaction is a multifamily building located at 511 West 151st Street in the Washington Heights market. The sale price was $2,800,000, encompassing a total of 31 units. The building has a square footage of 26,630 with a price per unit of $90,322 and a price per square foot of $105.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,800,000
  • Units: 31
  • Square Footage: 26,630
  • Price Per Unit: $90,322
  • Price Per Square Foot: $105

The key individuals involved in this transaction include Victor Sozio, Sam Schertz, and Remi Mandell, all of whom are affiliated with Ariel Property Advisors as brokers representing the sale in this deal.

Players

Sam Schertz
10 deals$90.5M volume
BROKER

Victor Sozio
Ariel Property Advisors
111 deals$2.3B volume
BROKER

Remi Mandell
Ariel Property Advisors
16 deals$514.6M volume
BROKER

Details

SOLD
IMAGE: Sam Schertz, Victor Sozio & Remi Mandell DATE: 5/21/2026 ADDRESS: 511 West 151st Street MARKET: Washington Heights ASSET TYPE: Multifamily BROKERS: Victor Sozio, Sam Schertz (@SamSchertz) & Remi Mandell - Ariel Property Advisors (@ArielPA.NYC) SALE PRICE: $2,800,000 UNITS: 31 ~ PPU: $90,322 SF: 26,630 ~ PPSF: $105

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,947.82
Cash-on-Cash Return-1.27%
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