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348 Garden Ave

Michael J. Gefter Secures $661,500 Loan For MultiFamily Asset At 348 Garden Ave Mount Vernon
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

Michael Gefter

Wolf Investment Partners

Broker

$121.1M

vol

42 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