facebook


Go ProSubmit a deal
Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

7 Lakeside Road, Newburgh, ...

Updated Oct 19, 2026

Castle Lanterra Acquires Multifamily Property In Orange County For $34.3M
SOLDMultiFamily

Castle Lanterra Acquires Multifamily Property In Orange County For $34.3M

7 Lakeside Road, Newburgh, New York 12550, United States

$34,250,000

$399/SF

Building Size

85,800 SF

Asset Type

MultiFamily

Closing

Jun 1, 2022

About this deal

AI

Castle Lanterra has purchased a multifamily property located at 7 Lakeside Rd. in Orange County. The transaction was facilitated by brokers Brian Whitmer, Adam Spies, Niko Nicolaou, Ryan Dowd, and Peter Welch from Cushman & Wakefield. The property consists of 102 units, with a sale price of $34,250,000. This equates to a per unit price of $335,784. The total square footage of the property is 85,800, resulting in a price per square foot of $399.

Summary of transation details

In this transaction, Castle Lanterra acquired the multifamily property at 7 Lakeside Rd. in Orange County for a total amount of $34,250,000. The deal was facilitated by brokers Brian Whitmer, Adam Spies, Niko Nicolaou, Ryan Dowd, and Peter Welch from Cushman & Wakefield. The property consists of 102 units and has a total square footage of 85,800. The sale price per unit is $335,784 and the price per square foot is $399.

On the Map

Open live map

$34,250,000

$399/SF

MultiFamily

View full map

Players

Brian Whitmer

RePropCo

Broker

$1.6B

vol

28 deals

Broker
Adam Spies
Verified Badge

Adam Spies

Newmark

Broker

$76.8B

vol

276 deals

Broker
FC
Farrell CommunitiesBuyer

Farrell

Farrell Communities

Seller

$34.3M

vol

1 deal

Seller
Bilt advertisement

Newburgh MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Deal FAQ

About $399 per square foot on a published $34.3M for 85,800 square feet (2022).

Visit Ryan Dowd to view all their deals.

Browse New York multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.46%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets