Updated Jul 31, 2026
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
About this deal
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.
The multifamily loan at 348 Garden Ave in Mount Vernon, New York financed for $661.5K in 2024. The building is 2,500 square feet, implying about 264 per square foot on the published price. Michael J. Gefter, Wolf Investment Partners appear on the loan alongside Wolf Investment Partners. This page is the Mount Vernon, New York file for the 348 Garden Ave multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Mount Vernon sit in the Market section below. Filter that Mount Vernon multifamily set by closing date to see what else financed near 348 Garden Ave around 2024. Published consideration for 348 Garden Ave is $661.5K, dated 2024. Cite this Michael J. Gefter Secures $661,500 Loan For Multifamily Property In Mount Vernon At 348 Garden Ave loan when underwriting similar multifamily product around Mount Vernon, New York.
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