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

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SOLD
$2,050,000

New York

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9,063 SF
Sold 01/19/2022
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Property Image
SOLD

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

10 Byron Place, Larchmont, New York 10538, United States

See Similar Deals
9,063 SF
Sold 01/19/2022
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Summary

NEW YORK
Price Per Square Foot:$226
Total Square Footage:9,063 SF
Transaction Type:Sale

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.

Players

DJ Johnston
102 deals$493.3M volume(914) 584-7422
BROKER

Maria D'Angelo
B6 Real Estate Advisors
5 deals$21.9M volume(646) 933-2625
BROKER

BUYER

Details

SOLD
IMAGE: DJ Johnston & Maria D'Angelo DATE: 01/19/2022 ADDRESS: 10 Byron Pl. MARKET: Larchmont ASSET TYPE: Package Deal (10 Condo Units) BUYER: Benedict Realty Group - Charles Agus SELLER: The Cambium - Mary Ellen Walsh BROKERS: DJ Johnston (@B6RealEstate_JohnstonTeam) & Maria D'Angelo (@Maria_DAngelo22) - B6 Real Estate SALE PRICE: $2,050,000 SF: 9,063 ~ PPSF: $226 NOTE FROM BROKER: B6 Real Estate Advisors has successfully sold a package of 10 affordable condo units within The Cambium Deluxe Condominiums in Larchmont NY. The building is exceptionally located & offers it's Tenants luxury amenities. The units are subject to affordable guidelines set forth by Westchester County's Income & Rent Program Guidelines. Affordable rent levels are 40% of market rents, making this a sought-after opportunity from Tenants. Westchester's AMI growth has also increased 25% since 2015 suggesting 5% rental growth year over year.

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