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511 West 151st Street

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

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

511 West 151st Street

$2,800,000

$105/SF

Building Size

26,630 SF

Asset Type

MultiFamily

Closing

May 20, 2026

AI

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

Ariel Property Advisors

Broker

$93.3M

vol

11 deals

Broker

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

5.67%

Cash-on-Cash

-1.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93