Updated May 13, 2025
Multifamily Property In Westchester, NY Sold For $14.3M
$14,300,000
$190/SF
Building Size
75,000 SF
Asset Type
MultiFamily
Closing
Oct 27, 2023
About this deal
AI
The multifamily property located in Westchester, NY has been sold in a transaction involving Eric Panecki, David Choi, Austin Deraaff, Jake Deraaff, Anthony Pontoriero, and Evan Mizrahi. The sale price for the property was $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 75,000, giving a price per square foot of $191.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $14,300,000
- Units: 79
- Price per Unit: $181,013
- Total Square Footage: 75,000
- Price per Square Foot: $191
The buyers of the property include Eric Panecki, David Choi, Austin Deraaff, Jake Deraaff, Anthony Pontoriero, and Evan Mizrahi. They were represented by their respective brokers.
Players
Market 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
1.11%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93