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282 Summit Ave

Michael J. Gefter Secures $463,125 Loan For Multifamily Property At 282 Summit Ave In Mount Vernon
FINANCEDMultiFamily

Michael J. Gefter Secures $463,125 Loan For Multifamily Property At 282 Summit Ave In Mount Vernon

282 Summit Ave

$463,125

$159/SF

Building Size

2,900 SF

Asset Type

MultiFamily

Closing

Dec 13, 2024

AI

The property asset involved in this transaction is a MultiFamily asset located at 282 Summit Ave in Mount Vernon. The loan amount for this transaction is $463,125.00.

Summary of transation details:

  • Property Type: MultiFamily
  • Transaction Amount: $463,125.00
  • Address: 282 Summit Ave
  • Market: Mount Vernon
  • Brokers: Michael J. Gefter

This transaction was facilitated by Michael J. Gefter, who acted as the broker in the deal, representing the interests of the landlord. No further details regarding the landlord are provided.

Players

Michael J. Gefter

Broker

$282.5M

vol

66 deals

Broker
Wolf Investment Partners
Wolf Investment PartnersLender

Mount Vernon 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

34.25%

Cash-on-Cash

-9.79%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93