Anthony Gigante Purchases 360 Washington Avenue Multifamily In Pleasantville For $2 Million

The property asset involved in this transaction is a MultiFamily building located at 360 Washington Avenue in Pleasantville. The sale occurred for a total amount of $2,000,000, covering 20,000 square feet, resulting in a price per square foot of $100. The property has been noted to require significant capital improvements and was sold at a 0.75% cap rate.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $2,000,000
• Address: 360 Washington Avenue
• Market: Pleasantville
• Square Footage: 20,000
• Price per Square Foot: $100
• Buyer: Anthony Gigante
• Seller: Stella Thomas
• Brokers: Michael Scrima & Thomas Gorman Jr.

Michael Scrima and Thomas Gorman Jr. represent the brokers involved in this transaction, facilitating the sale between Anthony Gigante, the buyer, and Stella Thomas, the seller. The representation highlights the role of the brokers in negotiating and finalizing the deal.