Updated Oct 29, 2024
Moshe Abraham Summit Acquires 9-Unit Multifamily In Yonkers For $3.05M
112 Saratoga Ave Yonkers, NY 10705, USA
$3,050,000
$320/SF
Building Size
9,530 SF
Asset Type
MultiFamily
Closing
Aug 17, 2023
About this deal
AI
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.
On the Map
$3,050,000
$320/SF
MultiFamily
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Market MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.20%
Cash-on-Cash
-1.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93