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35 37 High Street

RNJ Holding Of Cortlandt Manor Sells MultiFamily Property At 35 37 High Street For $1.35M
SOLDMultiFamily

RNJ Holding Of Cortlandt Manor Sells MultiFamily Property At 35 37 High Street For $1.35M

35 37 High Street

$1,350,000

$398/SF

Building Size

3,390 SF

Asset Type

MultiFamily

Closing

May 31, 2022

AI

The property located at 35 37 High Street is a multifamily asset situated in Rye, featuring a total square footage of 3,390. The property was sold for $1,350,000.00.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $1,350,000.00
  • Address: 35 37 High Street
  • Market: Rye
  • Seller: RNJ Holding of Cortlandt Manor
  • Brokers: Matt Cawley (National Multifamily)

This transaction was facilitated by Matt Cawley, who represented the seller in the deal, ensuring the interests of RNJ Holding of Cortlandt Manor were upheld throughout the sale process.

Players

Matt Cawley

National Multifamily

Broker

$50.7M

vol

13 deals

Broker
RM
RNJ Holding of Cortlandt ManorSeller

Rye 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

11.75%

Cash-on-Cash

-3.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93