Benedict Realty Group Acquires Package Deal Of 10 Condo Units In Larchmont For $2.05M

Benedict Realty Group, represented by Charles Agus, has acquired a package deal consisting of 10 condo units located at 10 Byron Pl. in Larchmont. The sale was facilitated by DJ Johnston and Maria D'Angelo of B6 Real Estate for a total price of $2,050,000. The units are part of The Cambium Deluxe Condominiums, offering luxury amenities to its tenants.

Summary of transaction details

• Property Type: Package Deal (10 Condo Units)
• Transaction Amount: $2,050,000
• Address: 10 Byron Pl.
• Market: Larchmont

This successful transaction marks the sale of affordable condo units within The Cambium Deluxe Condominiums. The units are subject to Westchester County's Income & Rent Program Guidelines, which ensure affordable rent levels at 40% of market rents. The growth of Westchester's AMI by 25% since 2015 suggests a 5% annual rental growth, making this acquisition a sought-after opportunity for tenants.