Ahron Rudich Sells Multifamily Property In Pleasant Valley For $8M
160 West Road
$8,000,000
$190/SF
Building Size
42,000 SF
Asset Type
MultiFamily
Closing
Jun 26, 2024
AI
The multifamily property located at 160 West Road in Pleasant Valley was successfully sold for $8,000,000. The property spans 42,000 square feet and consists of 48 units, resulting in a price per unit of $166,667 and a price per square foot of $190.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $8,000,000
- Units: 48
- Price Per Unit: $166,667
- Square Footage: 42,000
- Price Per Square Foot: $190
- Address: 160 West Road
- Market: Pleasant Valley
Thomas Steiner was the buyer of the property, while Ahron Rudich acted as the seller. The transaction was facilitated by Anthony Watkins & David Algarin from Oak & Avery, serving as the brokers representing the parties involved in the deal.
Players
Pleasant Valley 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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93