Austin Deraaff & Jake Deraaff Acquire Multifamily Property In Westchester County For $14.3M

The multifamily property located at 81-89 South Highland Ave in Westchester County has been sold for $14,300,000. The property consists of 79 units with an average price per unit of $181,013. The total square footage of the property is 61,825, with an average price per square foot of $231. The sale is reported to have a capitalization rate of 5.3%.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $14,300,000
• Units: 79
• Price per Unit: $181,013
• Square Footage: 61,825
• Price per Square Foot: $231
• Capitalization Rate: 5.3%
• Address: 81-89 South Highland Ave
• Market: Westchester County

The buyers for this transaction are Austin Deraaff and Jake Deraaff. The seller is Sudesh Kapoor. Representing the buyer and seller in this deal are Michael Scrima and Thomas Gorman Jr. from Redwood Realty Advisors.