Jason Strucker Purchases Multifamily Asset In Yonkers From Josh Cohen For $2.25M
119 Glenwood Avenue
$2,250,000
$135/SF
Building Size
16,590 SF
Asset Type
MultiFamily
Closing
May 11, 2025
AI
This multifamily property located at 119 Glenwood Avenue in Yonkers features 17 residential units across a total square footage of 16,590. The transaction was completed for a total sale price of $2,250,000, resulting in a price per unit of $132,352 and a price per square foot of $135.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,250,000
- Units: 17
- Square Footage: 16,590
- Price Per Unit: $132,352
- Price Per Square Foot: $135
- Buyer: Jason Strucker
- Seller: Josh Cohen
- Broker: Matthew Barbaccia - Brix Real Estate Advisors
Jason Strucker acquired the property from Josh Cohen, with the transaction facilitated by broker Matthew Barbaccia, representing Brix Real Estate Advisors in the deal.
Players
Yonkers MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93