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Acquisitions

Aulder Capital buys 574-580 West 176th Street

Deal traded at a 4.25% cap

574-580 West 176th Street (Credit: CoStar)

Michael Zito’s Aulder Capital has acquired 574-580 West 176th Street from Fisher Associates for $14.475 million. The two Washington Heights rental buildings span a total of 43,965 square feet, and contain 62 units. 

Be Smart: At $329 per foot and $233,467 per unit, the deal traded at around a 4.25 cap. 

Worth Noting: Fisher paid $13 million for the properties in 2015. The seller at the time was Barry Rudofsky’s Bronstein Properties — he is the real winner here.

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