facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

173 Washington Avenue

Louis Iacopetta Acquires 10-Unit Multifamily Property In Westchester County For $1.8M
SOLDMultiFamily

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

Michael Scrima

Houlihan Lawrence Commercial

Broker

$214.1M

vol

60 deals

Broker
Thomas Gorman Jr.
Verified Badge

Thomas Gorman Jr.

Houlihan Lawrence Commercial

Broker

$240M

vol

62 deals

Broker

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