Dong Rich Acquires Multifamily Property In Westchester County For $5.75M
2 Stonelea Place
$5,750,000
$276/SF
Building Size
20,800 SF
Asset Type
MultiFamily
Closing
Jul 29, 2022
AI
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.
Players
City of New Rochelle MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.76%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93