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New York & Tri-State  + Midtown New York  + Apartments  | 

Washington Heights MF Sells at Triple its Previous Price

Castellan Real Estate Partners sold a six-story, 84-unit apartment building in the Washington Heights area of New York City for $18.2 million. The sales price was just about three times higher than the $6.3 million Castellan paid for the asset in 2010.

Joint venture partners Urban American and Dixon Advisory acquired the building at 515 W. 168th St. Robert Shapiro and Clint Olsen with Cushman & Wakefield brokered the transaction. The property is 40,185 square feet, and consists primarily of one-bedroom apartments and studios. The average rent is $1,491.

For comments, questions or concerns, please contact Amy Sorter


Inside The Story

Read More at Commercial ObserverConnect with Castellan Real EstateConnect with Cushman & Wakefield's Shapiro

About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

  • ◦Sale/Acquisition
  • ◦Sale/Acquisition
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