Updated Sep 5, 2024
Adirondack Capital Partners Brokers $46M Sale Of Cohoes Multifamily Property
100 Waters View Circle, Cohoes, NY 12047
$46,000,000
$162/SF
Building Size
283,050 SF
Asset Type
MultiFamily
Closing
Dec 2, 2021
About this deal
AI
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.
Cohoes 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
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93