Daniel And Aron Goldstein Acquire Multifamily Property In Nassau County For $9M
SOLD
$9,000,000
New York
See Similar DealsMultiFamily47,292 SF
Sold 11/17/2021
SOLD
Daniel And Aron Goldstein Acquire Multifamily Property In Nassau County For $9M
160 Hilton Ave, Hempstead, Nassau County, NY, USA
See Similar DealsMultiFamily47,292 SF
Sold 11/17/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$190
Total Square Footage:47,292 SF
Transaction Type:Sale
The multifamily property located at 160 Hilton Ave in Nassau County has been sold. The transaction took place on November 17, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $9,000,000
- Address: 160 Hilton Ave
- Market: Nassau County
- Asset Type: Multifamily
- Zoning: RB
The property comprises 60 units, with an average price per unit of $150,000. It spans a total area of 47,292 square feet, translating to a price per square foot of $190.
The buyers, Daniel Goldstein and Aron Goldstein, acquired the property under the entity BOSFA Properties. They were represented by the broker Peter Wolf from Select Real Equity Advisors.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$480,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,975.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,664.59
Annual Debt Service$511,975.10
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