Updated Nov 17, 2023
Shea Diamant Brokers $2.5M Multifamily Sale In Irvington
1009 Chancellor Avenue
$2,500,000
$159/SF
Building Size
15,632 SF
Asset Type
MultiFamily
Closing
Mar 15, 2023
About this deal
AI
The multifamily property located at 1009 Chancellor Avenue in Irvington has been sold for $2,500,000. The property consists of 20 units, with a per unit price of $125,000. Spanning across 15,632 square feet, the property has a price per square foot of $160.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,500,000
- Units: 20
- Price Per Unit: $125,000
- Square Feet: 15,632
- Price Per Square Foot: $160
Shea Diamant, representing the buyer and seller in this transaction, facilitated the deal.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93