Updated Oct 29, 2024
Mark Schik Acquires Multifamily Property In Yonkers For $1.25M
176 Oak Street, Yonkers, NY, USA
$1,250,000
$240/SF
Building Size
5,196 SF
Asset Type
MultiFamily
Closing
Mar 17, 2021
About this deal
AI
The multifamily property located at 176 Oak Street in Yonkers was recently sold in a closed transaction. The sale took place on March 18, 2021. The property consists of 12 units with a total square footage of 5,196. The asking price for the property was $1,500,000, and it was sold for $1,250,000, resulting in a price per square foot of $240. The buyer of the property was Mark Schik from Marked Realty, and the seller was Eric Granville.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Address: 176 Oak Street
- Market: Yonkers
- Total Square Footage: 5,196
- Asking Price: $1,500,000
- Price Per Square Foot: $240
- Number of Units: 12
- Buyer: Mark Schik from Marked Realty
- Seller: Eric Granville
This transaction represents a successful sale of a multifamily property in Yonkers. Mark Schik, from Marked Realty, acted as the buyer's representative in the deal. The property's value, square footage, and number of units make it an attractive investment in the Yonkers market.
Players
City of Yonkers 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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93