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
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