Giulio Monaco Sells 300 Columbus Ave Multifamily In Westchester For $15.5M With Brokers Scrima And Gorman

This multifamily asset is located at 300 Columbus Ave. in the Westchester market. The property was sold for a transaction price of $15,500,000, comprising a total of 50 units and a square footage of 38,900. The price per unit (PPU) is $310,000, with a price per square foot (PPSF) standing at $398. The capitalization rate (CAP RATE) for this sale is recorded at 5.14%.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $15,500,000
• Address: 300 Columbus Ave.
• Market: Westchester
• Units: 50
• Price per Unit: $310,000
• Square Footage: 38,900
• Price per Square Foot: $398
• Cap Rate: 5.14%
• Seller: Giulio Monaco
• Brokers: Michael Scrima & Thomas Gorman Jr.

The transaction was facilitated by the brokers Michael Scrima and Thomas Gorman Jr., who played a significant role in the closing of this multifamily sale. Their expertise in the market contributed to the successful negotiation and completion of the property transaction.