Eric Panecki, David Choi, Austin Deraaff, Jake Deraaff & Evan Mizrahi Acquire White Plains Multifamily For $3.5M
18-20 S Kensico Ave, White Plains, NY 10601
$3,587,843
$138/SF
Building Size
26,000 SF
Asset Type
MultiFamily
Closing
May 17, 2023
AI
Located in White Plains, NY, the multifamily property at 18-20 S Kensico Ave, 439 Main St, and 127 Harding Ave has recently been sold. The transaction, which took place on 05/17/2023, involved a total of 29 units with a purchase price of $3,587,843. The price per unit was calculated to be $123,719. The property spans across 26,000 square feet, resulting in a price per square foot of $138.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,587,843
- Units: 29
- Price per Unit: $123,719
- Square Footage: 26,000
- Price per Square Foot: $138
- Market: White Plains, NY
The buyers of the property include Eric Panecki, David Choi, Austin Deraaff, Jake Deraaff, and Evan Mizrahi. These individuals, represented by their broker, successfully completed the transaction.
Players
City of White Plains MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.42%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93