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2 Stonelea Place

Dong Rich Acquires Multifamily Property In Westchester County For $5.75M
SOLDMultiFamily

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

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

Michael Nukho

NuRealty Advisors

Broker

$72.7M

vol

16 deals

Broker

City of New Rochelle 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

2.76%

Cash-on-Cash

-0.79%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93