Zinovy Kershner Acquires Mixed-Use Property In Mount Vernon For $1,145,000
72 W 1st St, Mount Vernon, NY, USA
$1,145,000
$78/SF
Building Size
14,679 SF
Asset Type
Mixed-use
Closing
Feb 16, 2021
About this deal
AI
A mixed-use property located at 72 W 1st St in Mount Vernon has been sold for a price of $1,145,000. The property spans across 14,679 square feet, resulting in a price per square foot of $78.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,145,000
- Market: Mount Vernon
- Address: 72 W 1st St
The buyer of the property is Zinovy Kershner and the seller is John Durante. The deal was facilitated by brokers Anthony Watkins and David Algarin.
Players
City of Mount Vernon Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.85%
Cash-on-Cash
-3.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93