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134 Innis Avenue

Colin Hewitt Sells MultFamily Property At 134 Innis Avenue Poughkeepsie For $35.3M
SOLDMultiFamily

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

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:

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.

Players

Sylvia Spielman

GFI Realty Services

Broker

$84.3M

vol

8 deals

Broker

Colin Hewitt

Seller
Seller

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