Updated May 12, 2025
Redwood Realty Advisors Facilitates $3.95M Westchester Multifamily Sale
9 Rochelle Terrace
$3,950,000
$258/SF
Building Size
15,300 SF
Asset Type
MultiFamily
Closing
Sep 9, 2023
About this deal
AI
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
City of Mount Vernon 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
4.02%
Cash-on-Cash
-1.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93