Updated Dec 19, 2023
Thomas Gorman Jr & Michael Scrima Sell Rockland County Multifamily For $3.45M
1 Haven Court, Nyack, Rockland County, NY, USA
$3,450,000
$310/SF
Building Size
11,111 SF
Asset Type
MultiFamily
Closing
Mar 18, 2021
About this deal
AI
A multifamily property located at 1 Haven Court in Rockland County was recently sold for $3,450,000. The property consists of 22 units with a total square footage of 11,111. The price per square foot was calculated at $310, while the price per unit was $156,818. The transaction took place on March 19, 2021, and the property is expected to yield a capitalization rate of 4.4%.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,450,000
- Market: Rockland County
- Address: 1 Haven Court
- Square Footage: 11,111
- Price per Square Foot: $310
- Number of Units: 22
- Price per Unit: $156,818
The sale of this multifamily property was facilitated by Thomas Gorman Jr and Michael Scrima, representing Redwood Realty Advisors.
Players
Nyack 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
4.60%
Cash-on-Cash
-1.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93