Moshe Abraham Summit Acquires 9-Unit Multifamily In Yonkers For $3.05M
SOLD
$3,050,000
New York
See Similar DealsMultiFamily9,530 SF
Sold 08/17/2023
SOLD
Moshe Abraham Summit Acquires 9-Unit Multifamily In Yonkers For $3.05M
112 Saratoga Ave Yonkers, NY 10705, USA
See Similar DealsMultiFamily9,530 SF
Sold 08/17/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$320
Total Square Footage:9,530 SF
Transaction Type:Sale
A multifamily property located at 112 Saratoga Avenue in Yonkers has been sold for $3,050,000. The property consists of 9 units, with a price per unit of $338,889. It spans a total square footage of 9,530, with a price per square foot of $320.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,050,000
- Units: 9
- Price per Unit: $338,889
- Square Footage: 9,530
- Price per Square Foot: $320
- Address: 112 Saratoga Avenue, Yonkers
- Market: Yonkers
Moshe Abraham Summit has acquired the property from David Shaw. The transaction was facilitated by the brokers Michael Nukho and Lukasz Przybylek of NuRealty Advisors.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$162,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,836.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,458.56
Annual Debt Service$173,502.67
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