Updated Oct 28, 2024
Harbor Group International Acquires Multifamily Property In Pomona For $54M
1 Crystal Hill Drive, Pomona, Rockland County, NY, USA
$54,000,000
$43,096/SF
Building Size
1,253 SF
Asset Type
MultiFamily
Closing
Jun 15, 2021
About this deal
AI
Located at 1 Crystal Hill Drive in Pomona, Rockland County, this multifamily property has been sold in a recent transaction. The property consists of 169 units, with each unit having a price per unit (PPU) of $319,526. The sale price for the entire property was $54,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $54,000,000
- Address: 1 Crystal Hill Drive, Pomona, Rockland County
- Market: Rockland County
Harbor Group International, represented by Jordan Slone, acted as the buyer in this transaction. The sellers were Spirit Investment Partners and The Bascom Group. The sale was facilitated by CBRE brokers Jeffrey Dunne, Gene Pride, Jeremy Neuer, Steve Bardsley, David Gavin, and Travis Langer.
On the Map
$54,000,000
$43,096/SF
MultiFamily
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Players
Pomona MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93