Karim Hindi Acquires Mixed-Use Property On Wolfs Lane, Westchester
233 Wolfs Lane, Pelham, New York 10803, United States
$8,700,000
$226/SF
Building Size
38,405 SF
Asset Type
Mixed-use
Closing
Feb 9, 2022
About this deal
AI
A mixed-use property located at 233 Wolfs Lane in Westchester has been sold in a transaction. The sale took place on 02/10/2022, with a sale price of $8,700,000. The property spans a total area of 38,405 square feet, resulting in a price per square foot of $226. It consists of 42 units, with an average price per unit of $207,142. The property has a cap rate of 5.3%.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $8,700,000
- Address: 233 Wolfs Lane
- Market: Westchester
Karim Hindi was the buyer of the property, while William Guggisberg was the seller. The sale was facilitated by Michael Scrima and Thomas Gorman Jr. from Redwood Realty Advisors.
Players
Pelham Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.82%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93