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
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