Updated Sep 9, 2024
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.
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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