Daniel And Aron Goldstein Acquire Multifamily Property In Nassau County For $9M
160 Hilton Ave, Hempstead, Nassau County, NY, USA
$9,000,000
$190/SF
Building Size
47,292 SF
Asset Type
MultiFamily
Closing
Nov 17, 2021
AI
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.
Players
Village of Hempstead 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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93