Colin Hewitt Sells MultFamily Property At 134 Innis Avenue Poughkeepsie For $35.3M
SOLD
$35,300,000
New York
See Similar DealsMultiFamily336,312 SF
Sold
SOLD
Colin Hewitt Sells MultFamily Property At 134 Innis Avenue Poughkeepsie For $35.3M
134 Innis Avenue
See Similar DealsMultiFamily336,312 SF
Sold
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$105
Total Square Footage:336312 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,882,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$125,413.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$167,340.01
Annual Debt Service$2,008,080.11
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