Updated Sep 5, 2024
Coldwell Banker Acquires Multifamily Property In Garfield For $850,000
88 Harrison Avenue
$850,000
$336/SF
Building Size
2,530 SF
Asset Type
—
Closing
Aug 17, 2022
About this deal
AI
Located at 88 Harrison Ave in the Garfield market, this multifamily property was recently sold in a closed transaction. The property consists of 3 units with a total square footage of 2,530. The sale price for this property was $850,000, resulting in an average price per unit of $283,333 and a price per square foot of $336.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $850,000
- Units: 3
- Price per Unit: $283,333
- Square Footage: 2,530
- Price per Square Foot: $336
Coldwell Banker represented by Aleshia Jijon played a crucial role as the broker in this transaction.
Players
City of Yonkers CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
18.66%
Cash-on-Cash
-5.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93