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23 Vernon Ave., Mt Vernon, NY

Kash Realty Acquires Mount Vernon Multifamily For $900K
SOLDMultiFamily

Kash Realty Acquires Mount Vernon Multifamily For $900K

23 Vernon Ave., Mt Vernon, NY

$900,000

$250/SF

Building Size

3,600 SF

Asset Type

MultiFamily

Closing

Oct 20, 2022

AI

The multifamily property located at 23 Vernon Ave in Mount Vernon has been sold. The property consists of 2 units with a total square footage of 3,600. The sale price for this transaction was $900,000, resulting in a price per unit of $450,000 and a price per square foot of $250.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $900,000
  • Address: 23 Vernon Ave
  • Market: Mount Vernon

The seller of the property was Kash Realty, represented by Maz Kashani and Neda Kashani. The brokerage firm involved in the deal was Errol Brown. For any further inquiries, Mazyar Kashani can be contacted at (516) 317-0941 or [email protected], while Neda Kashani can be reached at (516) 423-1633. Kash Realty is actively looking to purchase distressed single-family and 3-family houses in the Bronx, Queens, and Westchester area. They are also interested in value-add free market multifamily properties with 10-100 units in New York (Westchester, Upstate NY), New Jersey, and Connecticut.

Players

Errol Brown

Broker

$900K

vol

1 deal

Broker
KR
Kash RealtySeller

Max Kashani

Kash Realty

Seller

$1.8M

vol

3 deals

Seller

City of Mount Vernon 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

17.63%

Cash-on-Cash

-5.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93