Isaak Schwartz Acquires Multifamily Property In Ulster County For $2.65M
276 Fosler Road, Highland, New York 12528, United States
$2,650,000
$112/SF
Building Size
23,575 SF
Asset Type
MultiFamily
Closing
Mar 30, 2022
AI
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.
Players
Highland 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
5.99%
Cash-on-Cash
-1.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93