Updated Apr 9, 2025
Colin Hewitt Sells MultFamily Property At 134 Innis Avenue Poughkeepsie For $35.3M
134 Innis Avenue
$35,300,000
$105/SF
Building Size
336,312 SF
Asset Type
MultiFamily
Closing
Dec 27, 2019
About this deal
AI
The property asset involved in this transaction is a MultiFamily type located at 134 Innis Avenue in Poughkeepsie. The transaction amount for the sale was $35,300,000.00, and the total square footage of the property is 336,312.0.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $35,300,000.00
- Address: 134 Innis Avenue
- Market: Poughkeepsie
- Square Footage: 336,312.0
- Seller: Colin Hewitt
- Broker: Josh Orlander - GFI Realty Services
- Broker: Sylvia Spielman
The deal was facilitated by brokers Josh Orlander representing GFI Realty Services and Sylvia Spielman. The seller of the property, Colin Hewitt, played a crucial role in the transaction process.
On the Map
$35,300,000
$105/SF
MultiFamily
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Players
Poughkeepsie 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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93