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176 Oak Street, Yonkers, NY...

Updated Oct 29, 2024

Mark Schik Acquires Multifamily Property In Yonkers For $1.25M
SOLDMultiFamily

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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Deal FAQ

About $240 per square foot on a published $1.3M for 5,196 square feet (2021).

Browse City of Yonkers multifamily sales on Traded.

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

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