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154 Palisade Street

Joe Demasi Acquires Multifamily Property In Dobbs Ferry For $1.165M
SOLDMultiFamily

Joe Demasi Acquires Multifamily Property In Dobbs Ferry For $1.165M

154 Palisade Street

$1,165,000

$494/SF

Building Size

2,356 SF

Asset Type

MultiFamily

Closing

Feb 16, 2023

AI

A multifamily property located at 154 Palisade Street in Dobbs Ferry has been sold for a total price of $1,165,000. The property consists of four units with an average price per unit of $291,250. It spans a total area of 2,356 square feet, resulting in a price per square foot of $494.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,165,000
  • Units: 4
  • Price per Unit: $291,250
  • Square Footage: 2,356
  • Price per Square Foot: $494
  • Address: 154 Palisade Street, Dobbs Ferry
  • Market: Dobbs Ferry

The buyer of the property is Joe Demasi, while the seller is Glenn Varcasia. The transaction was facilitated by Thomas Gorman Jr. and Michael Scrima, brokers from Redwood Realty Advisors.

Players

Josef Gashaj

Redwood Realty Advisors

Broker

$4.8M

vol

3 deals

Broker
Thomas Gorman Jr.
Verified Badge

Thomas Gorman Jr.

Houlihan Lawrence Commercial

Broker

$240M

vol

62 deals

Broker

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.62%

Cash-on-Cash

-3.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93