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121 Saratoga Ave Yonkers, N...

Updated Sep 9, 2024

Benzion Mossberg Acquires MultiFamily Property In Yonkers For $1.025M
SOLDMultiFamily

Benzion Mossberg Acquires MultiFamily Property In Yonkers For $1.025M

121 Saratoga Ave Yonkers, NY 10705, USA

$1,025,000

$118/SF

Building Size

8,680 SF

Asset Type

MultiFamily

Closing

Jul 12, 2023

About this deal

AI

The multi-family property located at 121 Saratoga Avenue in Yonkers has been sold for a total price of $1,025,000. The property consists of 7 units, with an average price per unit of $146,429. The total square footage of the property is 8,680, resulting in a price per square foot of $118.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $1,025,000
  • Units: 7
  • Price per Unit: $146,429
  • Square Footage: 8,680
  • Price per Square Foot: $118

The buyer, Benzion Mossberg, has acquired the property from the seller, John Turbull. The deal was facilitated by Matthew Barbaccia of Brix Real Estate Advisors, who represented both the buyer and the seller in the transaction.

Players

Matthew Barbaccia

Brix Real Estate Advisors

Broker

$71.1M

vol

30 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $118 per square foot on a published $1M for 8,680 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.48%

Cash-on-Cash

-4.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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