Kislak Company Brokers $10.9M Sale Of Multifamily Property In Middletown
50 Cantrell Avenue, Middletown, New York 10940, United States
$10,850,000
Building Size
—
Asset Type
MultiFamily
Closing
May 11, 2022
AI
The multifamily property located at 50 Cantrell Ave. in Middletown has been sold. The transaction was facilitated by broker Janet Bortz from Kislak Company. The property consists of 77 units and was sold for a price of $10,850,000, resulting in a per unit price of $140,909.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,850,000
- Units: 77
- Price Per Unit: $140,909
Janet Bortz from Kislak Company played a key role as the broker in this transaction.
Players
Middletown MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.46%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93