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150 Fulton Street

Abe Haddad Acquires Westchester County Multifamily For $2.71M
SOLDMultiFamily

Abe Haddad Acquires Westchester County Multifamily For $2.71M

150 Fulton Street

$2,710,000

$225/SF

Building Size

12,000 SF

Asset Type

MultiFamily

Closing

Sep 9, 2022

AI

The property asset involved in this transaction is a multifamily building located at 150 Fulton St, in Westchester County. The transaction was finalized for a price of $2,710,000, consisting of 15 units, encompassing a total area of 12,000 square feet, resulting in a price per unit of $180,666 and a price per square foot of $225.

Summary of transation details:

The deal was representative of key players in the real estate market, with Anthony Watkins and David Algarin acting as the brokers representing both parties. Their involvement highlights the significant collaboration required in closing a property transaction of this scale.

Players

Anthony Watkins

Oak & Avery Group

Broker

$107.3M

vol

29 deals

Broker

White Plains 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

5.85%

Cash-on-Cash

-1.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93