Updated Oct 13, 2026
Strategic Capital Secures $70M Loan For Multifamily Property In Yonkers
63 Wells Ave, Yonkers, NY 10701, USA
$70,000,000
$313/SF
Building Size
223,584 SF
Asset Type
MultiFamily
Closing
Jul 1, 2019
About this deal
AI
The River Club, located at 63 Wells Avenue in Yonkers' Hudson Park market, has changed hands in a closed property transaction. The multifamily asset, consisting of 213 units, was acquired by Strategic Capital as the new landlord.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $70,000,000
- Lender: Guggenheim Commercial Real Estate
- Brokers: Dustin Stolly, Jordan Roeschlaub, Chris Kramer, Daniel Fromm & Nick Scribani of Newmark Knight Frank
Newmark Knight Frank represented the buyer, Strategic Capital, in securing a loan amount of $70,000,000 from Guggenheim Commercial Real Estate for the acquisition of The River Club. Dustin Stolly, Jordan Roeschlaub, Chris Kramer, Daniel Fromm, and Nick Scribani served as the brokers for this transaction.
On the Map
$70,000,000
$313/SF
MultiFamily
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Players
City of Yonkers 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
0.23%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93