FOR IMMEDIATE RELEASE: Schertz of Schuckman Realty Sells Upper Manhattan Multi-Family Building
Manhattan, NY: Schuckman Realty is pleased to announce the sale of a multi-family building at 670 193rd Street, New York, NY 10040 in the Washington Heights section of Manhattan. The building, which is located at the corner of 193rd Street and Broadway terrace sold for $3,350,000.
Schuckman Realty Inc. represented both sides of the deal the buyer was Sarway Equities who is an active buyer in the upper Manhattan market. The seller was the Coral Management, who by selling 670 193rd Street, sold their last property in New York City.
The property traded for $160k per unit and $292 Per Square Foot.
Sam Schertz said “this trade is a testament to the market, that although the property is Rent Stabilized there are lots of buyers in the market looking for stabilized yields”.
Sam Schertz is a licensed real estate salesperson who focuses on the sale of investment properties in the Multi-Family, Mixed-Use, Retail and Development sectors in NYC Boroughs and Long Island Markets.
Contact Sam at:
About Schuckman Realty Inc.: Schuckman Realty is a full service commercial real estate services firm serving New York City, Long Island, New Jersey, and the surrounding tri-state area. The Investment Sales team at Schuckman Realty Inc. brings vast and nuanced market knowledge, insight, and ingenuity to your portfolio from inception to completion. Schuckman Realty offers expertise in determining a property’s best use in terms of value gains to investors, extensive research and vetting process, access to qualified buyers and a proven sales & marketing team with a creative approach to maximize value.
Keywords: Investment Sales, Real Estate Sales, New York Real Estate, Manhattan Real Estate Sales, Property Sale, Real Estate News, Schuckman Realty, Sam Schertz