YM Virginia LLC Acquires 43-Unit Multifamily In Buffalo For $3.75M
2 N Pearl St Buffalo, NY 14202, USA
$3,750,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 7, 2023
AI
A 43-unit apartment building located at 2 North Pearl Street in Buffalo has been sold by Gold Wynn for a total of $3.75 million. The buyer of the property is YM Virginia LLC, based in Williamsville. The transaction was facilitated by Chris Greco of Greco Real Estate.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,750,000
- Address: 2 North Pearl Street, Buffalo
- Market: Buffalo
- Buyer: YM Virginia LLC
- Seller: Gold Wynn
- Broker: Chris Greco - Greco Real Estate
- Number of Units: 43
- Price Per Unit: $87,209
Gold Wynn has successfully sold their 43-unit apartment building in Buffalo for a total of $3.75 million. The buyer, YM Virginia LLC, based in Williamsville, has acquired this property. The transaction was facilitated by Chris Greco of Greco Real Estate.
Players
New York 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
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93