Redwood Realty Advisors Facilitates $1.38M Sale Of Multifamily Property In Westchester
72 Grant Avenue, White Plains, New York 10603, United States
$1,380,000
$276/SF
Building Size
5,000 SF
Asset Type
MultiFamily
Closing
Oct 2, 2022
AI
The multifamily property located at 72 Grant Ave. in Westchester was recently sold for a sale price of $1,380,000. The property has a total of 5 units, with each unit having a price per unit (PPU) of $276,000. The total square footage of the property is 5,000, resulting in a price per square foot (PPSF) of $276.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,380,000
- Units: 5
- Price per Unit (PPU): $276,000
- Square Footage: 5,000
- Price per Square Foot (PPSF): $276
- Market: Westchester
The seller in this transaction is Maria Perez. Redwood Realty Advisors represented the seller in the deal, with Michael Scrima, Thomas Gorman Jr., and Tim Skelly acting as the seller's brokers.
Players
City of White Plains MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.49%
Cash-on-Cash
-3.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93