Updated Dec 18, 2023
Redwood Realty Advisors Brokers $23M Multifamily Sale In Ossining
70 Croton Ave, Ossining, NY 10562, USA
$23,000,000
$299/SF
Building Size
76,800 SF
Asset Type
MultiFamily
Closing
Mar 23, 2020
About this deal
AI
The multifamily property located at 70 Croton Avenue in Westchester County, Ossining has been sold for a total of $23,000,000. The property spans across an area of 76,800 square feet, resulting in a price per square foot of $299. It consists of 100 units, with an average price per unit of $230,000.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $23,000,000
- Address: 70 Croton Avenue
- Market: Westchester County, Ossining
- Total Square Footage: 76,800
- Price Per Square Foot: $299
- Total Units: 100
- Price Per Unit: $230,000
The property was sold by The Fishbein Family. The deal was facilitated by brokers Michael Scrima and Thomas Gorman from Redwood Realty Advisors. Additionally, financing for the transaction was arranged by Jared Sobel from CBRE.
Players
Ossining 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
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93