Yitzchak Horowitz Acquires Hudson Valley Multifamily For $2.45M
357 Washington Avenue, Brooklyn, New York 11238, United States
$2,450,000
$125/SF
Building Size
19,492 SF
Asset Type
MultiFamily
Closing
Jan 26, 2022
AI
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.
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
6.47%
Cash-on-Cash
-1.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93