Placido Calabro Acquires Westchester County Multifamily For $1.7M
SOLD
$1,700,000
New York
See Similar DealsMultiFamily9,800 SF
Sold 04/28/2022
SOLD
Placido Calabro Acquires Westchester County Multifamily For $1.7M
26 Lafayette Avenue, Brooklyn, New York 11221, United States
See Similar DealsMultiFamily9,800 SF
Sold 04/28/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$173
Total Square Footage:9,800 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$90,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41
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