Muss Development Acquires Multifamily Property In Hartsdale, Westchester For $29.25M
SOLD
$29,250,000
New York
See Similar DealsMultiFamily463,420 SF
Sold 01/09/2020
SOLD
Muss Development Acquires Multifamily Property In Hartsdale, Westchester For $29.25M
250 S Central Ave, Hartsdale, NY 10530, USA
See Similar DealsMultiFamily463,420 SF
Sold 01/09/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$63
Total Square Footage:463,420 SF
Transaction Type:Sale
The multifamily property located at 250 South Central Avenue in Hartsdale, Westchester has been sold in a closed transaction. The property spans across a total area of 46,342 square feet, with a price per square foot of $631. It consists of 51 units, with a price per unit of $573,000.
Summary of transaction details
- Property Type: Multifamily
- Asking Price: $30,000,000
- Sale Price: $29,250,000
- Square Feet: 46,342
- Price Per Square Foot: $631
- Units: 51
- Price Per Unit: $573,000
The seller of the property is Ted Weinberg, while Muss Development has acquired it. Itan Rahmani and Jacob Stavsky represented Muss Development as the buyer's representatives in the deal.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,560,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$103,919.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$138,659.92
Annual Debt Service$1,663,919.07
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