SFM Capital Acquires Multifamily Property In Westchester For $1.375M

Located at 106 Fourth Ave., the multifamily property in Westchester was recently sold for $1,375,000. The property consists of 7 units with an average price per unit of $196,000. The sale of this property was facilitated by Tim Skelly, Michael Scrima, and Thomas Gorman Jr. from Redwood Realty Advisors on behalf of the buyer, SFM Capital. The transaction took place on May 25, 2021, and the capitalization rate for the property is 5.1%.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,375,000
• Units: 7
• Price Per Unit: $196,000
• Market: Westchester

This transaction involved SFM Capital as the buyer and was facilitated by Tim Skelly, Michael Scrima, and Thomas Gorman Jr. of Redwood Realty Advisors. The deal was finalized on May 25, 2021, and the property boasts a competitive capitalization rate of 5.1%. The sale of this multifamily asset highlights the continued activity and investment in the Westchester market.