Jake Deraaff & Austin Deraaff Acquire 20-Unit Multifamily In Greene County For $875K
SOLD
New York
See Similar DealsMultiFamily12,500 SF
Sold 02/17/2022
SOLD
Jake Deraaff & Austin Deraaff Acquire 20-Unit Multifamily In Greene County For $875K
584 County Route 20, Greene County
See Similar DealsMultiFamily12,500 SF
Sold 02/17/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$70
Total Square Footage:12,500 SF
Transaction Type:Sale
A multifamily property located at 584 County Route 20 in Greene County has been sold in a recent transaction. The property consists of 20 units with a total of 12,500 square feet. The sale price for this transaction was $875,000, resulting in a per unit price of $43,750 and a price per square foot of $70.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $875,000
- Units: 20
- Price per Unit: $43,750
- Square Footage: 12,500
- Price per Square Foot: $70
- Address: 584 County Route 20
- Market: Greene County
In this transaction, the buyers were Jake Deraaff and Austin Deraaff, while the seller was Izmir Mehedovic.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$46,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,108.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,147.95
Annual Debt Service$49,775.36
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