Updated Feb 16, 2024
NYCB Provides $8.6M Loan For Multifamily Property At 921 McLean Ave. In Yonkers
921 McLean Avenue, Yonkers, NY, USA
$8,602,000
$1,333/SF
Building Size
6,453 SF
Asset Type
MultiFamily
Closing
May 6, 2021
About this deal
AI
An $8,602,000 loan has been secured for a multifamily property located at 921 McLean Ave in Yonkers. The loan was provided by NYCB. The property is owned by Mark Plumaj. The deal was facilitated by Matthew Murphy of ERG CRE.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,602,000
- Lender: NYCB
- Landlord: Mark Plumaj
- Broker: Matthew Murphy - ERG CRE
Matthew Murphy of ERG CRE played a crucial role as the broker in this deal, representing the interests of the parties involved. No additional information about the transaction was provided.
On the Map
$8,602,000
$1,333/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
1.84%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93