Updated Dec 12, 2024
Tokyo Trust Capital & MC Real Estate Partners Acquire Multifamily Asset In Elmsford For $143M
32 Nob Hill Drive, Elmsford, New York 10523, United States
$143,000,000
Units
416
Asset Type
MultiFamily
Closing
Jun 13, 2022
About this deal
AI
The multifamily property located at 32 Nob Hill Dr. in Elmsford has been sold in a recent transaction. The property consists of 416 units and was sold for a total price of $143,000,000, resulting in a per unit price of $343,750. The transaction took place on 06/14/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $143,000,000
- Address: 32 Nob Hill Dr., Elmsford
- Market: Elmsford
The buyer of the property is Tokyo Trust Capital represented by Minoru Machida and MC Real Estate Partners represented by Andy Nathan. The seller of the property is Ares Management. The deal involved key individuals and companies who facilitated the transaction.
Players
Elmsford 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
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93