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

Property Image
SOLD
$1,350,000
VN
SW
PL

New York

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MultiFamily4,416 SF
Sold 09/12/2022
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Property Image
SOLD

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

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

See Similar Deals
MultiFamily4,416 SF
Sold 09/12/2022
VN
SW
PL
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$305
Total Square Footage:4,416 SF
Transaction Type:Sale

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

VN
Link NY Realty
Valon Nikci
8 deals$30.7M volume(646) 321-9428
BROKER
PL
Pellumb Lumaj
2 deals$1.4M volume
BUYER
SW
Shirley Wu
2 deals$1.4M volume
SELLER

Details

SOLD
IMAGE: Valon Nikci DATE: 09/12/2022 ADDRESS: 504 Ashford Ave MARKET: Westchester County ASSET TYPE: Multifamily BUYER: Pellumb Lumaj SELLER: Shirley Wu BROKER: Valon Nikci (@TheValonNikci) - Link NY Realty (@LinkNYRealty) SALE PRICE: $1,350,000 UNITS: 5 ~ PPU: $270,000 SF: 4,416 ~ PPSF: $305 NOTE FROM BROKER: We have access to over 200,000.00 properties throughout NYC & Westchester County, including off-market, foreclosures, distressed properties, add value, and off-market properties. We are a boutique commercial and residential real estate firm.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$72,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,796.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,399.69
Annual Debt Service$76,796.26