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160 West Road

Ahron Rudich Sells Multifamily Property In Pleasant Valley For $8M
SOLDMultiFamily

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

Anthony Watkins

Oak & Avery Group

Broker

$107.3M

vol

29 deals

Broker
David Algarin
Verified Badge

David Algarin

Oak & Avery Group

Broker

$100.8M

vol

27 deals

Broker

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