facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

249 North Middletown Road, ...

Eric Levy Sells Multifamily Portfolio In Nanuet & Pearl River For $19.2M
SOLDMultiFamily

Eric Levy Sells Multifamily Portfolio In Nanuet & Pearl River For $19.2M

249 North Middletown Road, Nanuet, New York 10954, United States

$19,200,000

Building Size

Asset Type

MultiFamily

Closing

Jun 21, 2022

AI

The multifamily property at 249 North Middletown Road, 31-33 South Middletown Road, 24 Henry Street, and 76-80 Hunt Avenue has been sold for a total of $19,200,000 in a recent transaction. The portfolio consists of three properties: Buckingham Gardens, located at 249 North Middletown Road in Nanuet, with 64 units; Henry Street Apartments, situated at 31-33 South Middletown Road / 24 Henry Street in Pearl River, offering 18 units; and a 12-unit property at 76-80 Hunt Avenue in Pearl River.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $19,200,000
  • Units: 94
  • Price Per Unit: $204,255

The seller of the properties is Eric Levy. The sale was facilitated by Gregory Koenig from the Kislak Company, who represented the seller in this transaction.

Players

Gregory Koenig

Kislak

Broker

$31M

vol

3 deals

Broker

Nanuet 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

0.83%

Cash-on-Cash

-0.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93