A Multifamily Portfolio Acquires In Yonkers For $5.75M
176 Palisade Avenue, Yonkers, NY, USA
$5,750,000
$676/SF
Building Size
8,496 SF
Asset Type
MultiFamily
Closing
Dec 10, 2020
AI
This transaction involved multiple multifamily properties located at 176 Palisades Ave., 178 Palisades Ave., 148 Hawthorne Ave., 484 Walnut Ave., and 30 Herriot Pl. in the Yonkers market. The properties were sold for $5,750,000 and comprise a total of 37 units, resulting in a price per unit of $155,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,750,000
- Address: 176 Palisades Ave., 178 Palisades Ave., 148 Hawthorne Ave., 484 Walnut Ave., 30 Herriot Pl.
- Market: Yonkers
- Units: 37
- Price per Unit: $155,000
- Seller: Alen Ruvin
- Brokers: Yael Ishakis & Molly Gross
The deal was facilitated by brokers Yael Ishakis and Molly Gross, representing the seller Alen Ruvin in this multifamily property transaction within the Yonkers market.
Players
City of Yonkers MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.76%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93