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
Market 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
13.62%
Cash-on-Cash
-3.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93