Updated Oct 29, 2024
Muss Development Acquires Hartsdale Property For $29.2 Million With Cooper Horowitz As Seller's Rep
250 S Central Ave, Hartsdale, NY, 105...
$29,200,000
Units
51
Asset Type
MultiFamily
Closing
Nov 19, 2023
About this deal
AI
The Glass House, a multifamily building located at 250 South Central Ave, Hartsdale, NY, has been sold for $29,200,000.00. The property consists of 51 units, which include one- and two-bedroom floor plans, and features amenities such as a fitness center, two theater rooms, and a 95-space parking facility. The total square footage of the building is not specified.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $29,200,000.00
- Address: 250 S Central Ave, Hartsdale, NY
- Market: Hartsdale
- Seller: Unknown
- Buyer: Muss Development
- Seller's Representatives: Max Kostikov, Elana Tsyganko - Cooper Horowitz
- Buyer's Representatives: Itan Rahmani, Jacob Stavsky - Venture Capital Properties LLC
This transaction involved Muss Development acquiring the property, representing a strategic investment in the multifamily sector. The seller remains unidentified, while the representatives from Cooper Horowitz facilitated the sale on behalf of the seller, ensuring a smooth transaction process.
Players
Hartsdale 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
0.54%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93