Redwood Realty Advisors Brokers $3.45M Sale of 22-Unit Multifamily Property in Rockland County

Redwood Realty Advisors has announced the sale of a 22-unit multifamily property located at 1 Haven Court in Rockland County for 3.45 million. The property has a cap rate of 4.4% and consists of 11,111 square feet with an average unit price of 156,818.

Thomas Gorman Jr and Michael Scrima of Redwood Realty Advisors represented both the buyer and seller in the transaction.

The property is located in a desirable area of Rockland County, with easy access to major highways and public transportation. The multifamily property consists of 22 units, with a mix of one- and two-bedroom apartments. The property is fully occupied and generates strong rental income.

The buyer, whose identity was not disclosed, is an experienced investor in the multifamily sector. The seller, also not disclosed, was motivated to sell the property due to a change in investment strategy.

Redwood Realty Advisors is a leading commercial real estate brokerage firm in the New York metropolitan area, specializing in the sale and leasing of multifamily, retail, office, and industrial properties. With over 50 years of combined experience, Thomas Gorman Jr and Michael Scrima have a proven track record of success in the commercial real estate industry.