Isaak Schwartz Acquires Multifamily Property In Ulster County For $2.65M
SOLD
New York
See Similar DealsMultiFamily23,575 SF
Sold 03/31/2022
SOLD
Isaak Schwartz Acquires Multifamily Property In Ulster County For $2.65M
276 Fosler Road, Highland, New York 12528, United States
See Similar DealsMultiFamily23,575 SF
Sold 03/31/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$112
Total Square Footage:23,575 SF
Transaction Type:Sale
The multifamily property located at 276 Fosler Rd. & 1399 Route 44 in Ulster County has been sold for a price of $2,650,000. The transaction took place on 03/31/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,650,000
- Units: 32
- Price per Unit: $82,812
- Square Footage: 23,575
- Price per Square Foot: $112
- Market: Ulster County
Isaak Schwartz purchased the property from James Jacobini. The sale was facilitated by Anthony Watkins & David Algarin from The Oak & Avery Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$141,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,414.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,562.35
Annual Debt Service$150,748.22
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