Ahron Rudich Sells Multifamily Property In Pleasant Valley For $8M
SOLD
New York
See Similar DealsMultiFamily42,000 SF
Sold 06/26/2024
SOLD
Ahron Rudich Sells Multifamily Property In Pleasant Valley For $8M
160 West Road
See Similar DealsMultiFamily42,000 SF
Sold 06/26/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$190
Total Square Footage:42,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$426,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,422.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,924.08
Annual Debt Service$455,088.98
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