Aron Acquires Mixed-Use Property On Upper West Side For $17M

The mixed-use property at 180 West 81st Street, located in the Upper West Side market, has been sold for a total price of $17,000,000. This property offers a total building square footage (BSF) of 32,268, resulting in a price per BSF (PPBSF) of $526. The total square footage (SF) of the property is 21,584, with a price per square foot (PPSF) of $787. The property consists of 15 units, and the price per unit (PPU) is $1,133,333. The transaction also indicates a capitalization rate (CAP RATE) of 5%.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $17,000,000
• Address: 180 West 81st Street
• Market: Upper West Side
• BSF: 32,268
• PPBSF: $526
• SF: 21,584
• PPSF: $787
• Units: 15 Units
• PPU: $1,133,333
• CAP RATE: 5%

The deal was facilitated by a group of real estate professionals, including Peter Von Der Ahe, Danny Handweiler, Joe Koicim, Haley Hasho, and Seth Glasser. Aron represented the buyer in this transaction.