Joe Demasi Acquires Multifamily Property In Dobbs Ferry For $1.165M
SOLD
$1,165,000
New York
See Similar DealsMultiFamily2,356 SF
Sold 02/16/2023
SOLD
Joe Demasi Acquires Multifamily Property In Dobbs Ferry For $1.165M
154 Palisade Street
See Similar DealsMultiFamily2,356 SF
Sold 02/16/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$494
Total Square Footage:2,356 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$62,133.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,139.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,522.69
Annual Debt Service$66,272.33
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