Updated Oct 28, 2024
Friedkin Property Group Acquires Multifamily Property In White Plains For $113M
2 Canfield Avenue, White Plains, New York 10601, United States
$113,000,000
Units
260
Asset Type
MultiFamily
Closing
Sep 28, 2022
About this deal
AI
The multifamily property located at 2 Canfield Ave in White Plains has been sold for $113,000,000. The transaction took place on September 29, 2022, with a total of 260 units. The sale price equates to an approximate per unit price of $434,615.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $113,000,000
- Address: 2 Canfield Ave
- Market: White Plains
The buyer of the property is Friedkin Property Group, while the seller is GID. The deal was facilitated by the brokers Jeff Dunne, Eric Apfel, Jeremy Neuer, Stuart MacKenzie, and Zach McHale from CBRE.
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
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93