Chaim Deutsch Acquires Multifamily Property On Saratoga Avenue In Yonkers For $1.6M
189 Saratoga Ave, Yonkers, NY 10705, USA
$1,600,000
$23/SF
Building Size
68,000 SF
Asset Type
MultiFamily
Closing
Jul 30, 2020
AI
The multifamily property located at 189 Saratoga Avenue in Yonkers has been sold for $1,600,000. Spanning 6,800 square feet, the property sold at a price of $235 per square foot. It consists of 9 units, with each unit priced at $178,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Square Footage: 6,800
- Price Per Square Foot: $235
- Number of Units: 9
- Price Per Unit: $178,000
Chaim Deutsch has acquired the property from Elliot Horowitz and Alan Mazaud from HEquities. Elliot expressed his gratitude to Alan for the successful execution of the sale. This transaction marks the completion of a larger deal, although no further details were provided.
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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93