Updated Dec 4, 2024
SOLDMultiFamily
Mark Minadeo Of Re/Max Country Realty Represents Buyer In $1.025M Vernon Multifamily Sale
527 County Road 515
$1,025,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 20, 2024
About this deal
AI
A multifamily property located at 527 Route 515 in Vernon has been sold. The asset encompasses 0.42 acres and has transacted for $1,025,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,025,000
- Address: 527 Route 515
- Market: Vernon
- Acres: 0.42
- Buyer's Representative: Mark Minadeo - Re/Max Country Realty
- Seller's Representative: Christopher Varela - Realty Empire
The transaction featured Mark Minadeo representing the buyer and Christopher Varela representing the seller, facilitating the exchange of this multifamily asset in the Vernon market.
Players
Vernon 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
15.48%
Cash-on-Cash
-4.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93