Updated Oct 28, 2024
Jason Bilanin & Jared Bilanin Acquire Rockland County Multifamily For $10.15M
222 Main Street, Nyack, New York 10960, United States
$10,150,000
$286/SF
Building Size
35,427 SF
Asset Type
MultiFamily
Closing
Jan 19, 2022
About this deal
AI
Located at 222 Main Street in Rockland County, this multifamily property was recently sold in a closed transaction. The sale was facilitated by brokers Thomas Gorman Jr. and Michael Scrima from Redwood Realty Advisors.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $10,150,000
- Date of Sale: 01/19/2022
- Address: 222 Main Street, Rockland County
- Market: Rockland County
- Buyer: Jason Bilanin & Jared Bilanin - Real Estate Growth Advisors
- Seller: Joseph Lagana
- Units: 35
- Price per Unit: $290,000
- Total Square Footage: 35,427
- Price per Square Foot: $286
The buyers, Jason Bilanin and Jared Bilanin from Real Estate Growth Advisors, acquired this multifamily property. The sellers were Joseph Lagana. The transaction was successfully handled by Thomas Gorman Jr. and Michael Scrima from Redwood Realty Advisors. With a total of 35 units and a price per unit of $290,000, this property spans across 35,427 square feet at a price per square foot of $286.
Players
Nyack 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
1.56%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93