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16 Hall Place, Eastchester,...

Cheney Vasquez Acquires Multifamily Property In Eastchester For $4.95M
SOLDMultiFamily

Cheney Vasquez Acquires Multifamily Property In Eastchester For $4.95M

16 Hall Place, Eastchester, New York 10709, United States

$4,950,000

$202/SF

Building Size

24,393 SF

Asset Type

MultiFamily

Closing

Feb 3, 2022

AI

16 Hall Place, located in Eastchester, was recently sold in a record-breaking transaction. The multifamily property was sold for $4,950,000, making it a significant deal in the real estate market. The property spans across 24,393 square feet, resulting in a price per square foot of $202.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,950,000
  • Address: 16 Hall Place, Eastchester
  • Market: Eastchester

The buyer, Cheney Vasquez, acquired the property from John Curreri in this notable transaction. Facilitating the deal was Lena Rivera from Link NY Realty, who represented both parties involved. Lena Rivera, as a broker from Link NY Realty, played a crucial role in the successful completion of the sale. It's worth mentioning that Link NY Realty specializes in both commercial and residential real estate, with access to an extensive portfolio of over 200,000 properties.

Players

Lena Rivera

Broker

$60M

vol

15 deals

Broker

Cheney Vasquez

Buyer

$19.4M

vol

3 deals

Buyer

John J. Curreri

Seller

$56.3M

vol

9 deals

Seller

Eastchester 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

3.20%

Cash-on-Cash

-0.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93