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Isaak Schwartz Acquires Multifamily Property In Ulster County For $2.65M

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SOLD
$2,650,000

New York

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MultiFamily23,575 SF
Sold 03/31/2022
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Property Image
SOLD

Isaak Schwartz Acquires Multifamily Property In Ulster County For $2.65M

276 Fosler Road, Highland, New York 12528, United States

See Similar Deals
MultiFamily23,575 SF
Sold 03/31/2022
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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.

Players

Anthony Watkins
29 deals$107.3M volume(914) 292-0105
BROKER

David Algarin
Oak & Avery Group
27 deals$100.8M volume(914) 292-1081
BROKER

Details

SOLD
IMAGE: Anthony Watkins & David Algarin DATE: 03/31/2022 ADDRESS: 276 Fosler Rd. & 1399 Route 44 MARKET: Ulster County ASSET TYPE: Multifamily BUYER: Isaak Schwartz SELLER: James Jacobini BROKERS: Anthony Watkins & David Algarin (@David_Algarin12) - The Oak & Avery Group (@OakAveryGroup) SALE PRICE: $2,650,000 UNITS: 32 ~ PPU: $82,812 SF: 23,575 ~ PPSF: $112

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,414.90
Cash-on-Cash Return-1.27%
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