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26 Lafayette Avenue, Brookl...

Placido Calabro Acquires Westchester County Multifamily For $1.7M
SOLDMultiFamily

Placido Calabro Acquires Westchester County Multifamily For $1.7M

26 Lafayette Avenue, Brooklyn, New York 11221, United States

$1,700,000

$173/SF

Building Size

9,800 SF

Asset Type

MultiFamily

Closing

Apr 27, 2022

AI

Located at 26 Lafayette Ave. in Westchester County, this multifamily property was recently sold in a closed transaction. The property consists of 12 units, spanning a total area of 9,800 square feet. The sale price for this asset was $1,700,000, resulting in a price per unit of $141,666, and a price per square foot of $173.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,700,000
  • Address: 26 Lafayette Ave.
  • Market: Westchester County

Placido Calabro acquired the property from Gabriela Barragan. The transaction was facilitated by the brokers, Anthony Watkins and David Algarin, who represented both the buyer and seller. They are affiliated with The Oak & Avery Group.

Players

Anthony Watkins

Oak & Avery Group

Broker

$107.3M

vol

29 deals

Broker
David Algarin
Verified Badge

David Algarin

Oak & Avery Group

Broker

$100.8M

vol

27 deals

Broker

New York 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

9.33%

Cash-on-Cash

-2.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93