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
New York 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
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93