Maverick Real Estate Partners Acquires Garage In Washington Heights For $22M

The asset involved in this transaction is a garage located at 4168 Broadway in the Washington Heights market. The property was sold for $22,000,000, featuring a building square footage of 28,178, which translates to a price per building square foot of $780. The total square footage of the property is 85,238, providing a price per square foot of $258. The zoning classification of the property is R7-2, C8-3, with a Floor Area Ratio (FAR) of 6.05, and it falls under tax class 4. The lot size measures 14,089 square feet, with lot dimensions of 103.92 feet by 156.33 feet. Alteration type 3 permits were acquired on December 29, 2020.

Summary of transaction details:

• Property Type: Garage
• Transaction Amount: $22,000,000
• Buyer: Maverick Real Estate Partners
• Seller: BankUnited
• Building Square Footage: 28,178
• Price per Building Square Foot: $780
• Total Square Footage: 85,238
• Price per Square Foot: $258
• Zoning: R7-2, C8-3
• Floor Area Ratio: 6.05
• Tax Class: 4
• Lot Size: 14,089
• Lot Dimensions: 103.92 ft x 156.33 ft
• Permits: Alteration type 3 (12/29/2020)

Representing the buyer, Maverick Real Estate Partners is engaged in this transaction, while BankUnited acts as the seller. The involvement of these entities reflects their roles in facilitating the completion of this property transaction.