facebook

traded

+ Submit
Home

/

Deals

/

New York

/

All

/

Sale

/

504 Ashford Ave

Pellumb Lumaj Acquires Multifamily Property In Westchester County For $1.35M
SOLD

Pellumb Lumaj Acquires Multifamily Property In Westchester County For $1.35M

504 Ashford Ave

Building Size

Asset Type

Closing

Sep 15, 2022

AI

A multifamily property located at 504 Ashford Ave in Westchester County has been sold for a total price of $1,350,000. The property consists of 5 units with an average price per unit of $270,000. The total square footage of the property is 4,416, resulting in a price per square foot of $305.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,350,000
  • Units: 5
  • Price per Unit: $270,000
  • Square Footage: 4,416
  • Price per Square Foot: $305

The buyer of the property is Pellumb Lumaj, while Shirley Wu acted as the seller. Valon Nikci from Link NY Realty represented both parties as the broker in this transaction.

It's worth mentioning that Valon Nikci also provided a note stating that their real estate firm specializes in commercial and residential properties. They have access to a wide range of properties, including off-market, foreclosures, distressed properties, and add-value opportunities, within NYC and Westchester County.

Players

Pellumb Lumaj

Buyer

$1.4M

vol

2 deals

Buyer

Shirley Wu

Seller

$1.4M

vol

2 deals

Seller

Ardsley CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93