Home Real Estate Washington Heights MF Property Sold for $9M 
Real Estate

Washington Heights MF Property Sold for $9M 

Ariel Property Advisors closed the sale of an 81-unit rent-stabilized multifamily property spanning 63,935 square feet in Washington Heights at 75-89 Wadsworth Terrace for $9.25 million.  

The six-story building, which benefited from a J-51 tax abatement for the next 20 years, underwent substantial renovations in 2010 and includes roof-mounted solar panels.  

Situated on a block-through lot with nearly 300 feet along Wadsworth Terrace, it offers access to Broadway, Fort Tryon Park and Highbridge Park. The Ariel team, led by Victor Sozio, Shimon Shkury, Alexander Taic, and Jake Brody, represented the seller. 

Source link

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Real Estate

Memphis Dermon Building Converting to 150-Room Hotel

The Dermon Building in Memphis was built 99 years ago, designed as...

Real Estate

Developer Duo Secures $120M Refi for Charleston Harbor Rental Community

Woodfield Investments and Argosy Real Estate Partners have secured $120 million to...

Real Estate

Bonita Springs Site for 252-Unit Apartment Community

Madison Communities and Heitman have closed a $44 million construction loan for...

Real Estate

$21.5M Loan for Tacoma Apartments Secured by Berkadia

Berkadia has secured financing for the acquisition of The Duo Apartments, a...