Yitzchak Horowitz Acquires Hudson Valley Multifamily For $2.45M
SOLD
$2,450,000
New York
See Similar DealsMultiFamily19,492 SF
Sold 01/27/2022
SOLD
Yitzchak Horowitz Acquires Hudson Valley Multifamily For $2.45M
357 Washington Avenue, Brooklyn, New York 11238, United States
See Similar DealsMultiFamily19,492 SF
Sold 01/27/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$125
Total Square Footage:19,492 SF
Transaction Type:Sale
The multifamily property located at 357 Washington Avenue, 52-54 Van Buren Street, 60 Franklin Street, 2-8 Walnut Street, 7 Wiltwyck Avenue & 26 Rock City Road in Hudson Valley has been sold. The transaction took place on January 27, 2022.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $2,450,000
- Units: 23
- Price per Unit: $106,522
- Square Footage: 19,492
- Price per Square Foot: $125
The buyer of the property is Yitzchak Horowitz, while the sellers are Josh Friedman & Lauren Walling. The deal was facilitated by Robert A. Magrino & Thomas Gorman Jr. of Redwood Realty Advisors.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$130,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,704.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,614.25
Annual Debt Service$139,371.00
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