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422 East Boston Post Road

Rafi Kabal Purchases Multifamily Asset From Gary Hirsch In Mamaroneck For $11 Million
SOLDMultiFamily

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

Michael Scrima

Houlihan Lawrence Commercial

Broker

$214.1M

vol

60 deals

Broker
Thomas Gorman Jr.
Verified Badge

Thomas Gorman Jr.

Houlihan Lawrence Commercial

Broker

$240M

vol

62 deals

Broker
Houlihan Lawrence Commercial
Houlihan Lawrence CommercialBrokerage

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