Updated Dec 21, 2023
Aaron Frankel Sells Nyack Multifamily Property For $4.1M With Brokers Michael Scrima & Thomas Gorman Jr
26-28 Upper Depew Avenue, Nyack, New York 10960, United States
$4,100,000
$250/SF
Building Size
16,350 SF
Asset Type
MultiFamily
Closing
Jul 6, 2022
About this deal
AI
The multifamily property located at 26-28 Upper Depew Ave. in Nyack has been sold for a total price of $4,100,000. The transaction took place on 07/07/2022. The property consists of 19 units, with a price per unit of $215,789. The total square footage of the property is 16,350, resulting in a price per square foot of $250.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,100,000
- Units: 19
- Price Per Unit: $215,789
- Square Footage: 16,350
- Price Per Square Foot: $250
- Market: Nyack
The seller of the property was Aaron Frankel. The transaction was facilitated by brokers Michael Scrima and Thomas Gorman Jr. from Redwood Realty Advisors.
Players
Nyack 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
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93