Louis Iacopetta Acquires 10-Unit Multifamily Property In Westchester County For $1.8M
173 Washington Avenue
$1,800,000
$200/SF
Building Size
9,000 SF
Asset Type
MultiFamily
Closing
Aug 3, 2022
AI
A 10-unit multifamily property located at 173 Washington Ave. in Westchester County has been sold for $1,800,000. The property spans 9,000 square feet and was sold at a price of $200 per square foot. The buyer, Louis Iacopetta, acquired the property from the seller, Patrick Rossetti.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,800,000
- Address: 173 Washington Ave.
- Market: Westchester County
The sale of the property was facilitated by the brokers Tim Skelly, Thomas Gorman Jr., and Michael Scrima from Redwood Realty Advisors, representing both the buyer and the seller.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93