Updated Oct 29, 2024
DGC Capital Sells Mount Vernon Multifamily For $1.075M With Redwood Realty Advisors
125 S 13th Ave Mt Vernon, NY 10550, USA
$1,075,000
$205/SF
Building Size
5,245 SF
Asset Type
MultiFamily
Closing
Jun 1, 2023
About this deal
AI
The multifamily property located at 125 South 13th Avenue in Mount Vernon has been sold for a total of $1,075,000. This property consists of 8 units, resulting in a price per unit of $134,375. The total square footage of the property is 5,245, making the price per square foot $205.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,075,000
- Units: 8
- Price Per Unit: $134,375
- Square Footage: 5,245
- Price Per Square Foot: $205
The sale of this property was facilitated by Michael Scrima and Thomas Gorman Jr from Redwood Realty Advisors, representing the seller, DGC Capital.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.76%
Cash-on-Cash
-4.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93