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22 North Astor Street, Irvi...

Derek Greenbaum, Miles Bronstein, And Brett Rosenthal Acquire Multifamily Property In Westchester For $730K
SOLDMultiFamily

Derek Greenbaum, Miles Bronstein, And Brett Rosenthal Acquire Multifamily Property In Westchester For $730K

22 North Astor Street, Irvington, NY, USA

$730,000

$243/SF

Building Size

3,000 SF

Asset Type

MultiFamily

Closing

Feb 22, 2021

AI

Located at 22 N Astor Place in Westchester, this multifamily property was recently sold in a closed transaction. The property encompasses 3,000 square feet and consists of 3 units. The sale price for this property was $730,000, resulting in a price per square foot of $243. The buyers of this property were Derek Greenbaum, Miles Bronstein, and Brett Rosenthal. The seller of the property is undisclosed. The sale was facilitated by broker Janet Nold from CB Moves.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $730,000
  • Date: 02/23/2021
  • Address: 22 N Astor Place
  • Market: Westchester
  • Buyers: Derek Greenbaum, Miles Bronstein, and Brett Rosenthal
  • Seller: undisclosed
  • Broker: Janet Nold - CB Moves
  • Units: 3
  • Price per unit: $243,333
  • Square footage: 3,000
  • Price per square foot: $243

This transaction involved a collaboration between Derek Greenbaum, Miles Bronstein, and Brett Rosenthal as the buyers, while the seller's identity remains confidential. Janet Nold from CB Moves acted as the broker in the deal. This sale signifies a successful closing for the involved parties in the Westchester market.

Players

Janet Nold

Coldwell Banker

Broker

$730K

vol

1 deal

Broker
Miles Bronstein

Miles Bronstein

Buyer

$12.4M

vol

6 deals

Buyer

Irvington 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

21.73%

Cash-on-Cash

-6.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93