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504 Ashford Avenue, Ardsley...

Pellumb Lumaj Acquires 504 Ashford Ave Multifamily In Westchester County For $1.35M
SOLDMultiFamily

Pellumb Lumaj Acquires 504 Ashford Ave Multifamily In Westchester County For $1.35M

504 Ashford Avenue, Ardsley, New York 10502, United States

$1,350,000

$305/SF

Building Size

4,416 SF

Asset Type

MultiFamily

Closing

Sep 11, 2022

AI

Located at 504 Ashford Ave, in Westchester County, this property is a multifamily asset encompassing 5 units. The transaction took place on 09/12/2022, with a sale price of $1,350,000. Each unit has an average price per unit (PPU) of $270,000. The property spans across 4,416 square feet, resulting in a price per square foot (PPSF) of $305.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,350,000
  • Address: 504 Ashford Ave
  • Market: Westchester County

In this deal, the buyer was Pellumb Lumaj, while Shirley Wu acted as the seller. The transaction was facilitated by Valon Nikci from Link NY Realty. Valon Nikci also serves as the broker representative in this sale.

It's worth noting that Link NY Realty, the boutique commercial and residential real estate firm, holds access to a vast portfolio of over 200,000 properties in NYC and Westchester County. Their offerings include both on-market and off-market options, as well as properties with potential for value appreciation.

Players

Valon Nikci

Link NY Realty

Broker

$30.7M

vol

8 deals

Broker

Pellumb Lumaj

Buyer

$1.4M

vol

2 deals

Buyer

Shirley Wu

Seller

$1.4M

vol

2 deals

Seller

Ardsley 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

11.75%

Cash-on-Cash

-3.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93