Updated Oct 28, 2024
Marcus & Millichap Brokers $15.6M Sale Of Multifamily Property In Harrison, NY
550 Halstead Avenue, Harrison, NY 10528
$15,600,000
$13,000/SF
Building Size
1,200 SF
Asset Type
MultiFamily
Closing
May 26, 2020
About this deal
AI
A multifamily property located at 550 Halstead Ave in Harrison was recently sold for a total of $15,600,000. The property consists of 36 units, with a per-unit price of $433,333. The transaction took place on May 26, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $15,600,000
- Address: 550 Halstead Ave
- Market: Harrison
The seller of the property was Lighthouse Living NY, represented by David Mann. The brokers involved in the deal were Jim Evans, Victoria Fisher, and Scott Wasserberger from Marcus & Millichap.
Players
Harrison 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
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93