Michael Cohen Acquires 58-unit Multifamily In Elmira For $2.83M
1833 West Water Street
$2,830,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 1, 2022
AI
The multifamily property located at 1833 West Water Street in Elmira has been sold for a total price of $2,830,000. The property consists of 58 units, with an average price per unit of $48,793.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,830,000
- Address: 1833 West Water Street, Elmira
- Market: Elmira
The buyer of the property is Michael Cohen, while the seller is Rosko Phil. The deal was facilitated by Daniel Lanni and Robert Holland of Kislak Realty. They represented the respective parties throughout the transaction.
Players
Elmira 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
5.61%
Cash-on-Cash
-1.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93