Redwood Capital Advisors Acquires Yonkers Multifamily For $875,000

The multifamily property located at 110 Purser Place in Yonkers has been sold. The transaction was conducted by Ben Spiegel and Zach Kiel of Redwood Capital Advisors. The seller, Jayeness Properties, represented by Julio Viegas, finalized the deal. The sale price for the property was $875,000, with a total area of 4,226 square feet. This translates to a price per square foot of $207. The property consists of 5 units, making the price per unit $175,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $875,000
• Market: Yonkers
• Buyer: Ben Spiegel, Zach Kiel @RedwoodCapitalAdvisors
• Seller: Jayeness Properties – Julio Viegas
• Buyer's Representative: Jeffrey Landsman

Jeffrey Landsman acted as the buyer's representative in this transaction, facilitating the deal between the buyers and the sellers. The asset, located in Yonkers, presents an attractive investment opportunity with its multifamily configuration and price per unit of $175,000. The transaction was successfully completed with the assistance of all parties involved, resulting in the transfer of ownership.