FINANCEDMultiFamily
Michael J. Gefter Secures $661,500 Loan For MultiFamily Asset At 348 Garden Ave Mount Vernon
348 Garden Ave
$661,500
$264/SF
Building Size
2,500 SF
Asset Type
MultiFamily
Closing
Nov 26, 2024
AI
The property asset involved in this transaction is a MultiFamily asset located at 348 Garden Ave in the Mount Vernon market. The loan amount secured for this transaction is $661,500.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $661,500.00
- Address: 348 Garden Ave
- Market: Mount Vernon
- Broker: Michael J. Gefter
The key individual representing the transaction is Michael J. Gefter, who acted as the broker in this deal. No landlord is associated with the transaction.
Players
Mount Vernon MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
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