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Multifamily Property In Westchester, NY Sold For $14.3M

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SOLD
$14,300,000

New York

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MultiFamily75,000 SF
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Property Image
SOLD

Multifamily Property In Westchester, NY Sold For $14.3M

MultiFamily75,000 SF
Sold 10/27/2023
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Summary

Asset Type:MultiFamily
Price Per Square Foot:$190
Total Square Footage:75,000 SF
Transaction Type:Sale

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

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BROKER

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BUYER

6 deals$35.5M volume
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6 deals$20M volume
BUYER

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BUYER

Details

SOLD
IMAGE: Eric Panecki, David Choi, Austin Deraaff, Jake Deraaff, Anthony Pontoriero & Evan Mizrahi DATE: 10/27/2023 MARKET: Westchester, NY ASSET TYPE: Multifamily BUYER: Eric Panecki (@EricPanecki), David Choi (@DavidChoi.Biz), Austin Deraaff (@TheAustinDeraaf), Jake Deraaff (@Jake.Deraaf), Anthony Pontoriero (@AnthonyPontoriero) & Evan Mizrahi (@EvanMiz) SALE PRICE: $14,300,000 UNITS: 79 ~ PPU: $181,013 SF: 75,000 ~ PPSF: $191

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

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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
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