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50 Cantrell Avenue, Middlet...

Kislak Company Brokers $10.9M Sale Of Multifamily Property In Middletown
SOLDMultiFamily

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

Janet Bortz

Kislak

Broker

$16.1M

vol

2 deals

Broker

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