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15 Chester Avenue

Joni Sweetwood Of Kislak Represents Multifamily Package Deal Sale In Irvington For $4.7M
SOLDPackage Deal

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

Joni Sweetwood

Kislak

Broker

$420.4M

vol

31 deals

Broker
Kislak
KislakBrokerage

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