Dong Rich Acquires Multifamily Property In Westchester County For $5.75M
SOLD
$5,750,000
New York
See Similar DealsMultiFamily20,800 SF
Sold 07/29/2022
SOLD
Dong Rich Acquires Multifamily Property In Westchester County For $5.75M
2 Stonelea Place
See Similar DealsMultiFamily20,800 SF
Sold 07/29/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$276
Total Square Footage:20,800 SF
Transaction Type:Sale
A multifamily property located at 2 Stonelea Pl. in Westchester County has been sold in a recent transaction. The property consists of 24 units with a total square footage of 20,800. The sale price for the property was $5,750,000, resulting in a price per unit of $239,583 and a price per square foot of $276.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,750,000
- Address: 2 Stonelea Pl.
- Market: Westchester County
- Buyer: Dong Rich
- Seller: Gabriela Barag
- Brokers: Michael Nukho - NuRealty Advisors Inc., Lukasz Przybylek - NuRealty Advisors Inc.
- Units: 24
- Price per Unit: $239,583
- Square Footage: 20,800
- Price per Square Foot: $276
The sale of the property was facilitated by brokers Michael Nukho and Lukasz Przybylek from NuRealty Advisors Inc. They represented the buyer, Dong Rich, and the seller, Gabriela Barag, in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$306,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,428.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,257.93
Annual Debt Service$327,095.20
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