Updated Jul 2, 2026
William J. McMorrow And Taisuke Miyajima Acquire 421-Unit Multifamily Community For $237 Million
105 Corporate Park Drive
$237,000,000
Units
421
Asset Type
MultiFamily
Closing
Jul 1, 2026
About this deal
AI
The transaction involved the acquisition of a multifamily asset consisting of 421 units located at 105 Corporate Park Drive in West Harrison, New York. The total sale price for the property amounted to $237,000,000, resulting in a per unit price of $562,945.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $237,000,000
- Units: 421
- Price Per Unit: $562,945
- Buyer: William J. McMorrow - Kennedy Wilson, Taisuke Miyajima - Kenedix & Hulic Co
Kennedy Wilson partnered with Kenedix and Hulic to complete the acquisition, thereby expanding its investment platform on the East Coast. The asset known as the Carraway multifamily community adds significant value to their portfolio.
On the Map
$237,000,000
MultiFamily
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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
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93