Updated Dec 20, 2023
Redwood Realty Advisors Brokers $4.5M Sale Of Multifamily Property In Mt Vernon, NY
20 West Lincoln Avenue, Mount Vernon, New York 10550, United States
$4,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 20, 2022
About this deal
AI
The multifamily property located at 20 & 273 W Lincoln Ave in Mt Vernon, NY has been sold for a total price of $4,500,000. The transaction took place on 07/21/2022.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $4,500,000
- Price Per Square Foot: $268
- Price Per Unit: $180,000
The sale was facilitated by Michael Scrima & Thomas Gorman, Jr. of Redwood Realty Advisors.
The multifamily sale at 20 West Lincoln Avenue, Mount Vernon, New York 10550, United States in City of Mount Vernon, New York sold for $4.5M in 2022. 20 West Lincoln Avenue, Mount Vernon, New York 10550, United States is classified as Multifamily on Traded. Thomas Gorman Jr., Michael Scrima, Redwood Realty Advisors appear on the sale alongside Redwood Realty Advisors. This page is the City of Mount Vernon, New York file for the 20 West Lincoln Avenue, Mount Vernon, New York 10550, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same City of Mount Vernon sit in the Market section below. Filter that City of Mount Vernon multifamily set by closing date to see what else sold near 20 West Lincoln Avenue, Mount Vernon, New York 10550, United States around 2022. Published consideration for 20 West Lincoln Avenue, Mount Vernon, New York 10550, United States is $4.5M, dated 2022. Cite this Redwood Realty Advisors Brokers $4.5M Sale Of Multifamily Property In Mt Vernon, NY sale when underwriting similar multifamily product around City of Mount Vernon, New York.
Players
City of Mount Vernon 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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93