Tenenbayev Family Trust Acquires Single-Family Residence In Scarsdale For $5.3M
17 Heathcote Road
$5,300,108
$536/SF
Building Size
9,886 SF
Asset Type
Single Family Residence
Closing
Dec 17, 2024
AI
The property asset involved in this transaction is a single-family residence located at 17 Heathcote Road in Scarsdale. It has a sale price of $5,300,108 and encompasses 9,886 square feet, resulting in a price per square foot of $536.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $5,300,108
- Address: 17 Heathcote Road
- Market: Scarsdale
- Square Footage: 9,886
- Price Per Square Foot: $536
- Buyer: Tenenbayev Family Trust
- Seller: Dr. Bhupendra Kumar Modi
- Broker Representatives: Haritini Pandis, Angela Retelny & Joan Frederick - Houlihan Lawrence
- Counsel: Taliya Bashani - Tab Law Firm
This deal saw the Tenenbayev Family Trust as the buyer, with Dr. Bhupendra Kumar Modi acting as the seller. The transaction was facilitated by the brokerage firm Houlihan Lawrence, represented by Haritini Pandis, Angela Retelny, and Joan Frederick. Legal counsel was provided by Taliya Bashani of Tab Law Firm.
Players
Scarsdale Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93