Joni Sweetwood Of Kislak Represents Multifamily Package Deal Sale In Irvington For $4.7M
15 Chester Avenue & 628 Lyons Avenue
$4,700,000
$94/SF
Building Size
50,000 SF
Asset Type
Package Deal
Closing
Jun 30, 2025
AI
The transaction involved a package deal multifamily property located at 15 Chester Avenue and 628-630 Lyons Avenue in Irvington. The sale was finalized for a total of $4,700,000, constituting 47 units with a price per unit of $100,000.
Summary of transaction details:
- Property Type: Package Deal Multifamily
- Transaction Amount: $4,700,000
- Units: 47
- Price Per Unit: $100,000
- Date of Sale: 07/01/2025
- Broker: Joni Sweetwood - Kislak
- Market: Irvington
Joni Sweetwood represented the transaction as the broker from Kislak, overseeing the negotiation and arrangement of the deal. The transaction showcases a collaboration in the multifamily real estate market facilitated by an experienced brokerage team.
Players
Irvington Package Deal Market Snapshot
Boundary boundary · Package Deal · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93