Updated Dec 21, 2023
Alex Tseng Acquires Multifamily Property In Sleepy Hollow For $490,000
46 Hudson Street, New York City, New York 10013, United States
$490,000
$167/SF
Building Size
2,920 SF
Asset Type
MultiFamily
Closing
Apr 12, 2022
About this deal
AI
Located at 46 Hudson St in Sleepy Hollow, this multifamily property was recently sold in a closed transaction. The property spans 2,920 square feet and was sold for a price of $490,000, amounting to a price per square foot of $167. The transaction took place on April 13, 2022. The asset is situated directly above the Edge-on-Hudson riverfront development, which encompasses over 1,100 residential units, 135k SF of retail, and offices.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $490,000
- Square Footage: 2,920
- Price per Square Foot: $167
- Address: 46 Hudson St, Sleepy Hollow
- Market: Sleepy Hollow
The buyer in this transaction was Alex Tseng, while the property was sold by Catherine Ridenhour. Alex Tseng, as the buyer, expressed interest in acquiring 2-10 family buildings in Westchester and NYC.
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
32.37%
Cash-on-Cash
-9.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93