Gina DiPaterio Acquires Office Building From Christine Johnson In Cortlandt Manor For $2.18M
2127 Crompond Road
$2,180,000
$205/SF
Building Size
10,600 SF
Asset Type
MultiFamily
Closing
Feb 24, 2025
AI
The property asset involved in this transaction is an office located at 2127 Crompond Road in Cortlandt Manor. The sale price of the property was $2,180,000, comprising a total of 18 units. The total square footage of the asset is 10,600, with a price per unit of $121,111 and a price per square foot of $205.66.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,180,000
- Units: 18
- Price per Unit: $121,111
- Square Footage: 10,600
- Price per Square Foot: $205.66
- Buyer: Gina DiPaterio
- Seller: Christine Johnson
- Broker Representatives: Sean Campbell, Thomas Gorman Jr. & Michael Scrima - Redwood Realty Advisors
Key individuals in this deal include buyer Gina DiPaterio and seller Christine Johnson, along with the broker representatives from Redwood Realty Advisors, Sean Campbell, Thomas Gorman Jr., and Michael Scrima, who facilitated the transaction.
Players
Cortlandt Manor 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
7.28%
Cash-on-Cash
-2.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93