Austin Deraaff & Jake Deraaff Acquire Multifamily Property In Westchester County For $14.3M
SOLD
$14,300,000
New York
See Similar DealsMultiFamily123,650 SF
Sold 10/30/2023
SOLD
Austin Deraaff & Jake Deraaff Acquire Multifamily Property In Westchester County For $14.3M
81 Highland Avenue & 89 South Highland Ave.
See Similar DealsMultiFamily123,650 SF
Sold 10/30/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$115
Total Square Footage:123,650 SF
Transaction Type:Sale
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.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$762,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$50,804.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$67,789.30
Annual Debt Service$813,471.55
Is there something missing? Send suggestions