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250 S Central Ave, Hartsdal...

Updated Oct 29, 2024

Bilt advertisement
Muss Development Acquires Hartsdale Property For $29.2 Million With Cooper Horowitz As Seller's Rep
SOLDMultiFamily

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:

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

Jacob Stavsky

Stav Equities LLC

Broker

$177.9M

vol

32 deals

Broker
Muss Development
Muss DevelopmentBuyer

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

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