Rafi Kabal Purchases Multifamily Asset From Gary Hirsch In Mamaroneck For $11 Million
422 East Boston Post Road
$11,000,000
$461/SF
Building Size
23,835 SF
Asset Type
MultiFamily
Closing
Aug 20, 2025
AI
The asset involved in this transaction is a MultiFamily property located at 422 East Boston Post Road, in the Mamaroneck market. The property has been sold for $11,000,000, comprising 13 units, with a price per unit of $846,153. The total square footage of the property is 23,835, translating to a price per square foot of $461.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $11,000,000
- Units: 13
- Price Per Unit: $846,153
- Square Footage: 23,835
- Price Per Square Foot: $461
- Buyer: Rafi Kabal
- Seller: Gary Hirsch
- Brokers: Michael Scrima, Thomas Gorman Jr. & Sean Campbell - Houlihan Lawrence Commercial
Involved in the deal are brokers Michael Scrima, Thomas Gorman Jr., and Sean Campbell who represent Houlihan Lawrence Commercial. The transaction took place on August 21, 2025, marking a significant event in the local real estate market.
Players
Mamaroneck 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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93