Don Bichoupan And Jordan Cohen Acquire 63 Unit Multifamily Building In Yonkers For $14.75M

The property involved in this transaction is a six-story elevator apartment building located at 27 Ludlow Street in Yonkers. It comprises 63 Free Market apartments, totaling 72,798 square feet, with a sale price of $14,750,000, resulting in a price per unit of $234,126 and a price per square foot of $202. The cap rate for this asset is 8.52%.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $14,750,000
• Units: 63
• Sale Price Per Unit: $234,126
• Square Footage: 72,798
• Price Per Square Foot: $202
• Cap Rate: 8.52%
• Buyer: Don Bichoupan & Jordan Cohen - Baker Capital Group LLC

Baker Capital Group is actively seeking additional free market multifamily opportunities in NYC and Westchester. Jordan Cohen can be reached at (516) 225-7509 or [email protected], while Don Bichoupan can be contacted at (516) 776-3707 or [email protected].