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

26-34 Sherman Avenue
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This Development Site property located in PA was sold for $6,600,000 over 3 years ago. The brokers of the deal were Brian Whelan, DJ Johnston, and Alix Curtin

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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Deals
  • Location
    26-34 Sherman Avenue, Washington, PA, USA26-34 Sherman Avenue, Washington, PA, USA
  • Sale Price
    $6,600,000$6,600,000
    $165 PPSF$165 PPSF
  • Area
    40,000 SF40,000 SF
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    3 Brokers, 3 Agencies3 Brokers, 3 Agencies

Agents

DJ Johnston

DJ Johnston

Deals70
Financed$398.4M

Agencies

B6 Real Estate Advisors

B6 Real Estate Advisors

Agency
Deals208
Volume$2.3B

Ariel Property Advisors

Ariel Property Advisors

Agency
Deals456
Volume$7B

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Deal Summary

SALE IMAGE: Brian Whelan, DJ Johnston, & Alix Curtin DATE: 12/11/2020 ADDRESS: 26-34 Sherman Avenue MARKET: Washington Heights ASSET TYPE: Development Site ~ ZONING: R7-2, C2-4 BUYER: Yochonon Twersky SELLER: Laura Petitti SELLER’S REP: Brian Whelan, DJ Johnston & Alix Curtin @B6RealEstate PRICE: $6,600,000 BSF: 40,000 ~ PPBSF: $165 LOT SIZE: 100 ft x 100 ft NOTE: This 10,000 SF medical building with dug-out basement is zoned R7-2/C2-4 and offers approximately 40,000 SF of available air rights for development within an Opportunity Zone. We are currently marketing several other development opportunities across Upper Manhattan, including 5089-5099 Broadway (70,000+/- BSF) and 5051-5055 Broadway (42,000 BSF). Please reach out directly for more details: [email protected] (646) 933-2641

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26-34 Sherman Avenue

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