facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

1 Crystal Hill Drive, Pomon...

Harbor Group International Acquires Multifamily Property In Pomona For $54M
SOLDMultiFamily

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

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.

Players

Gene Pride

Newmark

Broker

$1.6B

vol

22 deals

Broker
Jordan Slone

Jordan Slone

Harbor Group International

Buyer

$5.4B

vol

21 deals

Buyer
TG
The Bascom GroupSeller

Pomona MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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