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
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