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
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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