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Gil Bergman Acquires Multifamily Property In Westchester County For $1.2M With Brokers Anthony Watkins & David Algarin - The Oak & Avery Group

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SOLD
$1,200,000

New York

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SOLD

Gil Bergman Acquires Multifamily Property In Westchester County For $1.2M With Brokers Anthony Watkins & David Algarin - The Oak & Avery Group

33 Huguenot St.

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Summary

NEW YORK
Transaction Type:Sale

The property asset involved in the transaction is a multifamily building located at 33 Huguenot St. in Westchester County. The sale price was $1,200,000, and the building encompasses a total of 3,500 square feet, resulting in a price per square foot of $342.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,200,000
  • Address: 33 Huguenot St.
  • Market: Westchester County
  • Square Footage: 3,500
  • Price Per Square Foot: $342
  • Buyer: Gil Bergman
  • Seller: Sutton Family
  • Brokers: Anthony Watkins & David Algarin - The Oak & Avery Group

The key individuals involved in this transaction include the buyer, Gil Bergman, and the seller, Sutton Family. The brokers facilitating the deal are Anthony Watkins and David Algarin from The Oak & Avery Group, representing the respective parties in this transaction.

Players

2 deals$2.4M volume
BUYER

3 deals$3.7M volume
SELLER

Details

SOLD
IMAGE: Anthony Watkins & David Algarin DATE: 08/11/2022 ADDRESS: 33 Huguenot St. MARKET: Westchester County ASSET TYPE: Multifamily BUYER: Gil Bergman SELLER: Sutton Family BROKERS: Anthony Watkins & David Algarin - The Oak & Avery Group (@OakAveryGroup) SALE PRICE: $1,200,000 SF: 3,500 ~ PPSF: $342

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$64,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35