Recent Sale $11.5 Million: 285 Fort Washington Avenue (at West 172nd Street) Manhattan

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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Information contained herein is from sources deemed reliable but is subject to errors, omissions, change of price or terms, and withdrawal without prior notice at any time. © 2015 - 2017. Cignature Realty and the skyline quadrilateral are registered trademarks of Cignature Realty Associates Inc.
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