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17 South 13th Avenue, Mount...

Baker Capital Group Acquires Mount Vernon Multifamily For $1.3M
SOLDMultiFamily

Baker Capital Group Acquires Mount Vernon Multifamily For $1.3M

17 South 13th Avenue, Mount Vernon, NY 10550, USA

$1,300,000

$209/SF

Building Size

6,200 SF

Asset Type

MultiFamily

Closing

Sep 13, 2021

AI

A multifamily property located at 17 S. 13th Ave. in Mount Vernon has been sold for a price of $1,300,000. The property consists of 8 units with a total square footage of 6,200. The price per unit is $162,500, and the price per square foot is $209.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,300,000
  • Address: 17 S. 13th Ave., Mount Vernon
  • Market: Mount Vernon
  • Number of Units: 8
  • Price per Unit: $162,500
  • Total Square Footage: 6,200
  • Price per Square Foot: $209

The buyer of the property is Baker Capital Group, represented by Jordan Cohen and Don Bichoupan. The brokers involved in the deal are Anthony Watkins and David Algarin from Oak Avery Group.

Players

Anthony Watkins

Oak & Avery Group

Broker

$107.3M

vol

29 deals

Broker

Jordan Cohen

Baker Capital Group

Buyer

$13.7M

vol

8 deals

Buyer

City of Mount Vernon 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

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93