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
Nanuet 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
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93