Baker Capital Group Acquires Mount Vernon Multifamily For $1.3M
SOLD
$1,300,000
New York
See Similar DealsMultiFamily6,200 SF
Sold 09/13/2021
SOLD
Baker Capital Group Acquires Mount Vernon Multifamily For $1.3M
17 South 13th Avenue, Mount Vernon, NY 10550, USA
See Similar DealsMultiFamily6,200 SF
Sold 09/13/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$209
Total Square Footage:6,200 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,618.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,162.66
Annual Debt Service$73,951.96
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