Jason Strucker Purchases Multifamily Asset In Yonkers From Josh Cohen For $2.25M
SOLD
$2,250,000
New York
See Similar DealsMultiFamily16,590 SF
Sold 05/12/2025
SOLD
Jason Strucker Purchases Multifamily Asset In Yonkers From Josh Cohen For $2.25M
119 Glenwood Avenue
See Similar DealsMultiFamily16,590 SF
Sold 05/12/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$135
Total Square Footage:16,590 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$120,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,993.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,666.15
Annual Debt Service$127,993.77
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