Updated Oct 29, 2024
AMS Acquisitions Acquires Multifamily Property In Yonkers For $2M
23 Overlook Terrace, Yonkers, NY 10701, USA
$2,000,000
$72/SF
Building Size
27,724 SF
Asset Type
MultiFamily
Closing
Aug 19, 2019
About this deal
AI
The multifamily property located at 23 Overlook Terrace in Yonkers has recently undergone a closed transaction. The property, spanning 27,724 square feet, was involved in a deal with a loan amount of $2,000,000. The loan terms for this transaction were set at 20 years, with 5 years of interest-only payments.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Address: 23 Overlook Terrace
- Market: Yonkers
This transaction was facilitated by Juniper Capital Group, with Jake Gluck representing the agency. The lender involved in the deal was Arbor Realty Trust. AMS Acquisitions acted as the landlord in this closed property transaction.
Players
City of Yonkers MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93