Updated Sep 5, 2024
Marcus & Millichap Sells Pleasant Valley Estates Multifamily Property For $6.8M
160 W Rd Pleasant Valley, Ny 12569, Usa
$6,800,000
Units
48
Asset Type
MultiFamily
Closing
Jul 24, 2023
About this deal
AI
Pleasant Valley Estates, a 48-unit apartment property in Pleasant Valley, N.Y., has been sold for $6,800,000. The property, located at 160 West Road on a 9.85-acre parcel in Duchess County, consists of three two-story buildings and offers parking space for 100 cars. Additionally, the property includes a picturesque pond.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $6,800,000
- Acres: 9.85
- Units: 48
- Price Per Unit (PPU): $141,667
The sale of Pleasant Valley Estates was facilitated by Marcus & Millichap. The brokerage team, consisting of Jim Evans, Scott Wasserberger, and Victoria Fisher, successfully closed the deal.
Players
Kerry 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
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93