Press Release brought to you by Cushman & Wakefield Capital Markets Group New York

Cushman & Wakefield Sells 49-Unit Apartment Building in Inwood

09/11/2015

An apartment building at 125 Seaman Avenue, located between West 204th and West 207th Streets in Manhattan’s Inwood neighborhood, was sold in an all-cash transaction valued at $15,800,000.

The six-story, elevator-serviced building contains approximately 42,108 square feet and sits on a 100’ x 100’ lot.  It consists of 49 units, of which 44 are rent stabilized, three are free market, one is rent controlled, and one is a basement super’s unit.  The sale price equates to approximately $375 per square foot.

“Seaman Avenue continues to remain one of Northern Manhattans most prestigious areas.   When a Seaman Avenue property comes on the market investors from all over the city take notice,” said Cushman & Wakefield’s Robert M. Shapiro, who exclusively handled this transaction.   

09/11/2015 - 14:30

Source

Cushman & Wakefield Capital Markets Group New York

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