Michael Cohen Acquires 58-unit Multifamily In Elmira For $2.83M
SOLD
$2,830,000
New York
See Similar DealsMultiFamily
Sold 12/01/2022
SOLD
Michael Cohen Acquires 58-unit Multifamily In Elmira For $2.83M
1833 West Water Street
See Similar DealsMultiFamily
Sold 12/01/2022
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$150,933.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,054.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,415.64
Annual Debt Service$160,987.73
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