Recent Sale $11.5 Million: 285 Fort Washington Avenue (at West 172nd Street) Manhattan
- Stephen M McAllister
- Nov 5, 2014
- 1 min read
A local real estate investor bought this corner six-story mixed-use walk-up in Washington Heights with 39 apartments – 20 one-bedrooms, 10 two-bedrooms and nine three-bedrooms – as well as two professional offices. The 37,170-square-foot building sold for 14.1 times the current rent roll.
Buyer: Heritage Realty
Seller: 285 Ft. Washington Apartments L.P.
Brokers: Peter Vanderpool and Lazer Sternhell, Cignature Realty Associates
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