A multifamily building at 134 Haven Avenue, located between West 172nd and West 173rd Streets in Northern Manhattan’s Washington Heights neighborhood, was sold in an all cash transaction valued at $9,050,000.
The six-story building is approximately 44,442 square feet and sits on an 81’ x 143’ lot. The building is composed of two elevators and 38 residential units.
“Multifamily properties of this class will always be in high demand and trade for a premium,” said First Vice President of Sales Robert Shapiro, who was the sole broker in this transaction. “The unobstructed sweeping views of the Hudson River and George Washington Bridge, as well as the location west of Broadway, were all key factors in the pricing,” added Shapiro.
The seller was Daniel Wrublin and Andrew Wrublin of Dalan Management.
The sale price represented $204 per square foot and approximately $239,000 per unit. According to Massey Knakal comparable sales data this is the highest price per unit ever paid for a strictly residential property with an elevator in Washington Heights.
Robert also represented the seller in the previous record holding sale of 920 Riverside Drive which sold for $15,675,000 in 2010 which represented approximately $221,000 per unit. In addition, Robert and Chairman Robert A. Knakal sold a seven-building elevator portfolio that traded for north of $62,000,000 earlier this year.
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Neighborhoods: Washington Heights/ Agents: Robert Shapiro