Updated Dec 21, 2023
Michael Gore Sells 19-Unit Multifamily In Highland For $2.73M With Brokers Anthony Watkins & David Algarin
210 Vineyard Avenue, Highland, New York 12528, United States
$2,725,000
$165/SF
Building Size
16,500 SF
Asset Type
MultiFamily
Closing
Feb 22, 2022
About this deal
AI
Located at 210 Vineyard Ave in Highland, this multifamily property was recently sold in a closed transaction. The property consists of 19 units and spans across 16,500 square feet. The sale price for this property was $2,725,000, resulting in a price per unit of $143,421 and a price per square foot of $165. The transaction took place on February 23, 2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,725,000
- Address: 210 Vineyard Ave
- Market: Highland
- Units: 19
- Price per Unit: $143,421
- Square Footage: 16,500
- Price per Square Foot: $165
On behalf of the seller, Michael Gore, the sale was facilitated by the broker representatives Anthony Watkins and David Algarin from The Oak & Avery Group. Their expertise and negotiation skills played a crucial role in the successful completion of this transaction.
Players
Highland 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
5.82%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93