A 48-unit building located at 610 West 204th Street in Inwood, Manhattan was sold for $3.8 million, which breaks down to $79,000 per unit. This sale was not a distressed one; rather, it reflects the market’s perception of rent-stabilized properties and the impact of high mortgage rates. The building had been held by a family firm since the 1950s and was sold to an Albanian couple.
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