facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

310 Route 66, Greenport, NY...

Kempner Properties Acquires Multifamily Property In Hudson Valley For $2.35M
SOLDMultiFamily

Kempner Properties Acquires Multifamily Property In Hudson Valley For $2.35M

310 Route 66, Greenport, NY 12534

$2,350,000

$89/SF

Building Size

26,400 SF

Asset Type

MultiFamily

Closing

May 2, 2022

AI

The multifamily property located at 310 NY-66 in Hudson Valley has been sold in a recent transaction. The sale was finalized on 05/03/2022, with a sale price of $2,350,000. The property consists of 24 units, resulting in a price per unit of $97,916. The total area of the property is 26,400 square feet, translating to a price per square foot of $89.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,350,000
  • Units: 24
  • Price Per Unit: $97,916
  • Square Feet: 26,400
  • Price Per Square Foot: $89

The buyer of the property is Kempner Properties, represented by Robert Kempner and Douglas Kempner. The seller is Anderson Agency, represented by Kim Voltz. Evan Rugen from R New York acted as the broker in this transaction.

Players

Evan Rugen

R New York

Broker

$6.1M

vol

9 deals

Broker
KP
Kempner PropertiesBuyer

New York 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

6.75%

Cash-on-Cash

-1.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93