FINANCEDMultiFamily
Michael J. Gefter Secures $661,500 Loan For Multifamily Property In Mount Vernon At 348 Garden Ave
348 Garden Ave
$661,500
$264/SF
Building Size
2,500 SF
Asset Type
MultiFamily
Closing
Nov 26, 2024
AI
The asset involved in the transaction is a MultiFamily property located at 348 Garden Ave in the Mount Vernon market. The loan amount for this property is $661,500.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $661,500.00
- Address: 348 Garden Ave
- Market: Mount Vernon
- Loan Date: 11/26/2024
The broker involved in this transaction is Michael J. Gefter, representing the interests related to this property. There is no landlord associated with this particular deal.
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
23.98%
Cash-on-Cash
-6.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93