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:
- Property Type: Multifamily
- Transaction Amount: $2,710,000
- Buyer: Abe Haddad
- Seller: Antonio Varvaro
- Brokers: Anthony Watkins & David Algarin - The Oak & Avery Group
- Units: 15
- SF: 12,000
- PPU: $180,666
- PPSF: $225
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
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