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
Irvington 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
21.73%
Cash-on-Cash
-6.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93