Updated Dec 20, 2023
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
Units
94
Asset Type
MultiFamily
Closing
Jun 21, 2022
About this deal
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.
On the Map
$19,200,000
MultiFamily
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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