Apple Bank Sells Washington Heights Property For $10,350,000 With Cushman & Wakefield Brokers
4259 Broadway
$10,350,000
$288/SF
Building Size
35,910 SF
Asset Type
Other
Closing
Jul 28, 2026
AI
The asset involved in the transaction is located at 4259 Broadway in the Washington Heights market. It was sold for $10,350,000, encompassing a total square footage of 35,910, which translates to a price per square foot of $288. The seller of the property is Apple Bank.
Summary of transaction details:
- Property Type: Other
- Transaction Amount: $10,350,000
- Address: 4259 Broadway
- Market: Washington Heights
- Square Footage: 35,910
- Price per Square Foot: $288
- Seller: Apple Bank
- Brokers: Jonathan Squires, Josh Neustadter, David Lebenstein, Austin Weiner & Michael Fioravanti - Cushman & Wakefield
The transaction was facilitated by a team of brokers from Cushman & Wakefield, consisting of Jonathan Squires, Josh Neustadter, David Lebenstein, Austin Weiner, and Michael Fioravanti, representing the seller, Apple Bank, in this transaction.
Players
New York Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.53%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93