Updated Oct 28, 2024
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
About this deal
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
City of Mount Vernon 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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93