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348 Garden Ave

Michael J. Gefter Secures $661,500 Loan For Multifamily Property In Mount Vernon At 348 Garden Ave
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

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

23.98%

Cash-on-Cash

-6.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93