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584 County Route 20, Greene...

Jake Deraaff & Austin Deraaff Acquire 20-Unit Multifamily In Greene County For $875K
SOLDMultiFamily

Jake Deraaff & Austin Deraaff Acquire 20-Unit Multifamily In Greene County For $875K

584 County Route 20, Greene County

$875,000

$70/SF

Building Size

12,500 SF

Asset Type

MultiFamily

Closing

Feb 16, 2022

AI

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

Jake Deraaff

Buyer

$35.5M

vol

6 deals

Buyer

Windham 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

18.13%

Cash-on-Cash

-5.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93