Marushka Bindra Acquires Multifamily Property In Ossining For $2.3M

Located at 59 Ferris Pl. in Ossining, this multifamily property was recently sold for a price of $2,300,000. The property consists of 10 units, with a price per unit of $230,000. Spanning across 7,500 square feet, the property has a price per square foot of $306.

Summary of transaction details

• Property Type: Multifamily
• Sale Price: $2,300,000
• Loan Amount: $1,725,000
• Units: 10
• Price per Unit: $230,000
• Square Footage: 7,500
• Price per Square Foot: $306

The sale was facilitated by Marushka Bindra, who acted as the buyer. Hudson Hill Partners, represented by Dan Bsharat, served as the seller in this transaction. Michael Scrima and Thomas Gorman Jr. from Redwood Realty Advisors served as the brokers for the deal. Edward McCarthy from Redwood Capital provided financing for the acquisition.

The loan amount for the transaction was $1,725,000 with a loan-to-value ratio of 75%. The interest rate was set at 2.99% and the loan had a 25-year amortization period. There were no prepayment penalties associated with the loan.