Meridian, a leading real estate investment firm, recently completed the sale of two highly desirable blockfront properties in Washington Heights. Located at 61-69 and 71-79 Wadsworth Avenue between West 176th and West 177th streets, these properties were sold for an impressive $9.5 million after being held by the Moslin family for over four decades.
The transaction was expertly facilitated by Doshi and Mehra who represented both parties – the seller and purchaser – in this historic deal. The financing was secured through Meridian’s Jacob Schmuckler and Meir Schlusselberg from JPMorgan Chase while legal representation was provided by Anthony Simari of Holm & O’Hara LLP for the buyer, and Neil Albstein & Steven Uffner of Goldberg Weprin Finkel Goldstein LLP for the seller.
According to Mehra, it is becoming increasingly challenging for landlords to keep up with rising expenses such as capital improvements due to high interest rates coupled with restrictive legislation. In order to thrive in today’s market environment, successful landlords must have a long-term vision along with strong holding power.
This recent sale marks yet another success story orchestrated by Meridian as they continue their mission of connecting buyers with top-quality commercial real estate opportunities across various markets nationwide.
