Adirondack Capital Partners Brokers $46M Sale Of Cohoes Multifamily Property
SOLD
$46,000,000
New York
See Similar DealsMultiFamily283,050 SF
Sold 12/02/2021
SOLD
Adirondack Capital Partners Brokers $46M Sale Of Cohoes Multifamily Property
100 Waters View Circle, Cohoes, NY 12047
See Similar DealsMultiFamily283,050 SF
Sold 12/02/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$162
Total Square Footage:283,050 SF
Transaction Type:Sale
A multifamily property located at 100 Waters View Circle in Cohoes has been sold for $46,000,000. The property consists of 222 units with an average price per unit of $207,207. The total square footage of the property is 283,050, resulting in a price per square foot of $162.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $46,000,000
- Units: 222
- Price per Unit: $207,207
- Square Footage: 283,050
- Price per Square Foot: $162
The sale was facilitated by Michael Hunter Coghill of Adirondack Capital Partners. He represented the seller in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,453,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$163,428.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$218,063.47
Annual Debt Service$2,616,761.62
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