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2 N Pearl St Buffalo, NY 14...

YM Virginia LLC Acquires 43-Unit Multifamily In Buffalo For $3.75M
SOLDMultiFamily

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

Chris Greco

Greco Real Estate

Broker

$8.8M

vol

2 deals

Broker

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