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Wilder Balter Partners Acquires Multifamily Asset From Berkeley College For $12.5M In White Plains

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SOLD
$12,500,000

New York

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MultiFamily150,000 SF
Sold 02/25/2025
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Property Image
SOLD

Wilder Balter Partners Acquires Multifamily Asset From Berkeley College For $12.5M In White Plains

99 Church Street

See Similar Deals
MultiFamily150,000 SF
Sold 02/25/2025
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$83
Total Square Footage:150,000 SF
Transaction Type:Sale

The transaction involved a multifamily asset located at 99 Church Street & 6 Cottage Place in the White Plains market. The property comprises 68 units, totaling 150,000 square feet, with a sale price of $12,500,000, resulting in a price per unit of $183,823 and a price per square foot of $83.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $12,500,000
  • Buyer: Wilder Balter Partners
  • Seller: Berkeley College
  • Units: 68
  • Square Footage: 150,000
  • Price Per Unit: $183,823
  • Price Per Square Foot: $83
  • Date of Transaction: 02/25/2025
  • Brokers: John Barrett, Chris O'Callaghan & Carmen Bauman - RM Friedland

John Barrett, Chris O'Callaghan, and Carmen Bauman represented the buyer, Wilder Balter Partners, in this transaction. The seller, Berkeley College, was involved in the sale of the multifamily property, facilitating the transaction within the White Plains market.

Players

John Barrett
4 deals$38.3M volume
BROKER

Chris O'Callaghan
RM Friedland
2 deals$18.2M volume
BROKER

Carmen Bauman
RM Friedland
1 deal$12.5M volume(914) 292-1792
BROKER

Details

SOLD
IMAGE: Chris O'Callaghan, John Barrett & Carmen Bauman DATE: 02/25/2025 ADDRESS: 99 Church Street & 6 Cottage Place MARKET: White Plains ASSET TYPE: Multifamily BUYER: Wilder Balter Partners SELLER: Berkeley College (@BerkeleyCollege) BROKERS: John Barrett, Chris O'Callaghan & Carmen Bauman - RM Friedland (@RMFriedland) SALE PRICE: $12,500,000 UNITS: 68 ~ PPU: $183,823 SF: 150,000 ~ PPSF: $83

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$666,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$44,409.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$59,256.38
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