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
Ardsley 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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93