Unppg Management Acquires 82-Unit Rental Property In Croton-on-Hudson, Westchester County For $14.4M
31 Old Post Rd N Croton-On-Hudson, NY 10520, USA
$14,400,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 31, 2023
AI
A New York-based property owner, Unppg Management, has acquired an 82-unit rental property located at 31 Old Post Road North, Croton-On-Hudson, Westchester County. The property was sold by View Living for a total price of $14.4 million. This multifamily asset offers a total of 82 units, with a per unit price (PPU) of $175,610.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $14,400,000
- Address: 31 Old Post Road North, Croton-On-Hudson, Westchester County
- Market: Croton-on-Hudson
The deal was facilitated by Aaron Jungreis from Rosewood Realty Group and Joseph Brecher from Gebroe-Hammer Associates. Unppg Management emerged as the successful buyer, acquiring the property from View Living. The transaction marks a significant transaction in the Croton-On-Hudson real estate market.
Players
Croton On Hudson MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.10%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93