Updated Oct 28, 2024
Hudson Hill Partners Acquires Multifamily Property In White Plains For $1.4M
55 Davis Avenue, White Plains, NY, USA
$1,400,000
$236/SF
Building Size
5,928 SF
Asset Type
MultiFamily
Closing
Sep 2, 2021
About this deal
AI
An investment property in White Plains, located at 55 Davis Ave., has recently been sold in a closed transaction. The asset is a multifamily property with a total of 9 units spanning across 5,928 square feet. The sale price for this property was $1,400,000, resulting in a price per unit of $155,555 and a price per square foot of $236.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,400,000
- Address: 55 Davis Ave.
- Market: White Plains
The buyer in this transaction was Hudson Hill Partners represented by Dan Bsharat and Tariq Bsharat. On the other hand, Luigi Olinto acted as the seller. The brokers involved in the deal were Anthony Watkins from Oak Avery Group and David Algarin. The transaction took place on September 2, 2021.
Players
City of White Plains 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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93