Redwood Realty Advisors Facilitates $3.95M Westchester Multifamily Sale
SOLD
$3,950,000
New York
See Similar DealsMultiFamily15,300 SF
Sold 09/09/2023
SOLD
Redwood Realty Advisors Facilitates $3.95M Westchester Multifamily Sale
9 Rochelle Terrace
See Similar DealsMultiFamily15,300 SF
Sold 09/09/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$258
Total Square Footage:15,300 SF
Transaction Type:Sale
The transaction involves a multifamily asset located at 9 Rochelle Terrace in the Westchester market. The sale price was set at $3,950,000, encompassing a total of 21 units within a building that spans 15,300 square feet. This results in a price per unit of $188,095 and a price per square foot of $258.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,950,000
- Address: 9 Rochelle Terrace
- Market: Westchester
- Units: 21
- Square Footage: 15,300
- Price Per Unit: $188,095
- Price Per Square Foot: $258
The deal was facilitated by brokers Michael Scrima and Thomas Gorman Jr., representing Redwood Realty Advisors in the transaction. They played a key role in coordinating the sale and managing the negotiations associated with this multifamily asset.
Players
LENDER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$210,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,033.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,725.02
Annual Debt Service$224,700.18
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