Louis Iacopetta Acquires 10-Unit Multifamily Property In Westchester County For $1.8M
SOLD
$1,800,000
New York
See Similar DealsMultiFamily9,000 SF
Sold 08/03/2022
SOLD
Louis Iacopetta Acquires 10-Unit Multifamily Property In Westchester County For $1.8M
173 Washington Avenue
See Similar DealsMultiFamily9,000 SF
Sold 08/03/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$200
Total Square Footage:9,000 SF
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$96,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02
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