Yochonon Twersky Acquires Development Site In Washington Heights For $6.6M

26-34 Sherman Avenue, Washington, PA, USA

$6,600,000

$165/SF

Building Size

40,000 SF

Asset Type

Development Site

Closing

Dec 10, 2020

AI

This development site located at 26-34 Sherman Avenue in Washington Heights recently sold for $6,600,000. The property consists of a 10,000 square feet medical building with a dug-out basement. It is zoned R7-2/C2-4 and offers approximately 40,000 square feet of available air rights for development within an Opportunity Zone. The lot size measures 100 ft x 100 ft.

Summary of transaction details

Property Type: Development Site
Transaction Amount: $6,600,000
Market: Washington Heights
Zoning: R7-2, C2-4
Buyer: Yochonon Twersky
Seller: Laura Petitti
Seller's Representative: Brian Whelan, DJ Johnston & Alix Curtin @B6RealEstate
Built Square Footage: 10,000
Price per Built Square Foot: $165
Lot Size: 100 ft x 100 ft

In addition to this property, B6 Real Estate is currently marketing several other development opportunities across Upper Manhattan, including 5089-5099 Broadway with a built square footage of approximately 70,000 and 5051-5055 Broadway with a built square footage of 42,000. For more details, contact Brian Whelan at [email protected] or (646) 933-2641.

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