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Baker Capital Group Acquires Mount Vernon Multifamily For $1.3M

Property Image
SOLD
$1,300,000
Anthony Watkins
+ 1

New York

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MultiFamily6,200 SF
Sold 09/13/2021
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Property Image
SOLD

Baker Capital Group Acquires Mount Vernon Multifamily For $1.3M

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

See Similar Deals
MultiFamily6,200 SF
Sold 09/13/2021
Anthony Watkins
+ 1
Contact now

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.

Players

Anthony Watkins
29 deals$107.3M volume(914) 292-0105
BROKER

David Algarin
Oak & Avery Group
27 deals$100.8M volume(914) 292-1081
BROKER


Don Bichoupan
Baker Capital Group
11 deals$15.1M volume
BUYER

Details

SOLD
IMAGE: David Algarin, Jordan Cohen, Don Bichoupan & Anthony Watkins DATE: 09/13/2021 ADDRESS: 17 S. 13th Ave. MARKET: Mount Vernon ASSET TYPE: Multifamily BUYER: @BakerCapitalGroup - Jordan Cohen & Don Bichoupan BROKERS: Anthony Watkins & David Algarin @OakAveryGroup SALE PRICE: $1,300,000 UNITS: 8 ~ PPU: $162,500 SF: 6,200 ~ PPSF: $209

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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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