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18-20 S Kensico Ave, White ...

Eric Panecki, David Choi, Austin Deraaff, Jake Deraaff & Evan Mizrahi Acquire White Plains Multifamily For $3.5M
SOLDMultiFamily

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

David Choi

Newbergenline

Broker

$20M

vol

6 deals

Broker

Jake Deraaff

Buyer

$35.5M

vol

6 deals

Buyer

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