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Kathryn Cooper Buys Highland Multifamily Property For $862,000

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SOLD
$862,000

New York

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MultiFamily5,443 SF
Sold 06/21/2024
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Property Image
SOLD

Kathryn Cooper Buys Highland Multifamily Property For $862,000

15 Clearwater Road

See Similar Deals
MultiFamily5,443 SF
Sold 06/21/2024
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$158
Total Square Footage:5,443 SF
Transaction Type:Sale

The multifamily property located at 15 Clearwater Road in Highland was sold for $862,000. This property consists of 7 units with a price per unit of $123,143. The total square footage of the property is 5,443 with a price per square foot of $158. The sale also achieved a capitalization rate of 6.78%.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $862,000
  • Units: 7
  • Price per Unit: $123,143
  • Square Footage: 5,443
  • Price per Square Foot: $158
  • Address: 15 Clearwater Road
  • Market: Highland

The transaction involved the buyer, Kathryn Cooper, and the seller, Stan Slater. The deal was facilitated by brokers Robert A. Magrino, Michael Scrima, and Thomas Gorman Jr. from Redwood Realty Advisors.

Players

Michael Scrima
60 deals$214.1M volume
BROKER

Thomas Gorman Jr.
Houlihan Lawrence Commercial
62 deals$240M volume(914) 205-2020
BROKER

Robert A. Magrino
Redwood Realty Advisors
3 deals$4M volume
BROKER

Details

SOLD
IMAGE: Robert A. Magrino, Michael Scrima & Thomas Gorman Jr. DATE: 06/21/2024 ADDRESS: 15 Clearwater Road MARKET: Highland ASSET TYPE: Multifamily BUYER: Kathryn Cooper SELLER: Stan Slater BROKERS: Robert A. Magrino, Michael Scrima & Thomas Gorman Jr. (@ThomasGorman) - Redwood Realty Advisors (@RedwoodRealtyAdvisors) SALE PRICE: $862,000 UNITS: 7 ~ PPU: $123,143 SF: 5,443 ~ PPSF: $158 CAP RATE: 6.78%

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$45,973.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,062.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,086.32
Annual Debt Service$49,035.84