Updated Dec 19, 2023
Kislak Company Brokers $10.9M Sale Of Multifamily Property In Middletown
50 Cantrell Avenue, Middletown, New York 10940, United States
$10,850,000
Units
77
Asset Type
MultiFamily
Closing
May 11, 2022
About this deal
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.
The multifamily sale at 50 Cantrell Avenue, Middletown, New York 10940, United States in Middletown, New York sold for $10.9M in 2022. Reported inventory is 77 units across 77 units. Janet Bortz, Kislak appear on the sale alongside Kislak. This page is the Middletown, New York file for the 50 Cantrell Avenue, Middletown, New York 10940, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Middletown sit in the Market section below. Filter that Middletown multifamily set by closing date to see what else sold near 50 Cantrell Avenue, Middletown, New York 10940, United States around 2022. Published consideration for 50 Cantrell Avenue, Middletown, New York 10940, United States is $10.9M, dated 2022. Cite this Kislak Company Brokers $10.9M Sale Of Multifamily Property In Middletown sale when underwriting similar multifamily product around Middletown, New York.
On the Map
$10,850,000
MultiFamily
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Players
Middletown 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
1.46%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93