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Jake Deraaff And Austin Deraaff Acquire Selkirk Multifamily Property From Dawn Garabedien For $1.95M

Property Image
SOLD
$1,950,000

New York

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MultiFamily35,000 SF
Sold 09/05/2024
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Property Image
SOLD

Jake Deraaff And Austin Deraaff Acquire Selkirk Multifamily Property From Dawn Garabedien For $1.95M

1734 Route 9w

See Similar Deals
MultiFamily35,000 SF
Sold 09/05/2024

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$55
Total Square Footage:35,000 SF
Transaction Type:Sale

The property asset involved in the transaction is a multifamily unit located at 1734 Route 9w in Selkirk, with a sale price of $1,950,000. The building includes 61 units and offers a total square footage of 35,000, translating to a price per unit of $31,967 and a price per square foot of $55.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,950,000
  • Units: 61
  • Square Footage: 35,000
  • Price Per Unit: $31,967
  • Price Per Square Foot: $55
  • Buyer: Jake Deraaff & Austin Deraaff - Raven3 Home Buyers
  • Seller: Dawn Garabedien

Jake Deraaff and Austin Deraaff, representing Raven3 Home Buyers, are actively seeking to acquire multifamily, manufactured housing communities, and residential properties in the Hudson Valley region.

Details

SOLD
IMAGE: Austin Deraaff & Jake Deraaff DATE: 09/05/2024 ADDRESS: 1734 Route 9w MARKET: Selkirk ASSET TYPE: Multifamily BUYER: Jake Deraaff (@Jake.Deraaff) & Austin Deraaff (@TheAustinDeraaff) - Raven3 Home Buyers SELLER: Dawn Garabedien SALE PRICE: $1,950,000 UNITS: 61 ~ PPU: $31,967 SF: 35,000 ~ PPSF: $55 NOTE FROM BUYER: Jake and Austin Deraaff are actively looking to acquire Multifamily, Manufactured housing communities and residential properties in the Hudson Valley.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,927.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,243.99
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