Updated Oct 29, 2024
Bosfa Properties Acquires Multifamily Property In Freeport For $17.5M
17 Buffalo Ave Freeport, NY 11520, USA
$17,500,000
$105/SF
Building Size
166,000 SF
Asset Type
MultiFamily
Closing
May 31, 2023
About this deal
AI
Located at 17 Buffalo Avenue in Freeport, this multifamily property was recently sold in a transaction facilitated by Bosfa Properties. The seller, Village Of Freeport, agreed to a sale price of $17,500,000. With a total of 200 units, the price per unit for this property was $87,500. The property spans across 166,000 square feet, resulting in a price per square foot of $105.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $17,500,000
- Units: 200
- Price Per Unit: $87,500
- Square Footage: 166,000
- Price Per Square Foot: $105
Bosfa Properties acted as the buyer in this deal, representing their client's interests. The transaction was successfully completed on 31st May 2023.
On the Map
$17,500,000
$105/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93