facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

510 Warren Street

DHM Properties Sells 64 Unit Multifamily Property In Fayetteville For $7.9 Million
SOLDMultiFamily

DHM Properties Sells 64 Unit Multifamily Property In Fayetteville For $7.9 Million

510 Warren Street

$7,900,000

$98/SF

Building Size

80,000 SF

Asset Type

MultiFamily

Closing

Oct 29, 2024

AI

The property asset involved in this transaction is a multifamily building located at 510 Warren Street in Fayetteville. The property consists of 64 units and encompasses a total square footage of 80,000. The sale price for this asset was $7,900,000, which translates to a price per unit of $123,437 and a price per square foot of $98.

Summary of transaction details:

Michael Hunter Coghill and Chad Sinsheimer represented the seller, DHM Properties, in this transaction. Their involvement as brokers facilitated the deal in the Fayetteville market.

Players

Chad Sinsheimer

Adirondack Capital Partners

Broker

$481.8M

vol

14 deals

Broker

Fayetteville 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

2.01%

Cash-on-Cash

-0.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93