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Kash Realty Acquires Mount Vernon Multifamily For $900K

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SOLD
$900,000

New York

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MultiFamily3,600 SF
Sold 10/20/2022
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Property Image
SOLD

Kash Realty Acquires Mount Vernon Multifamily For $900K

23 Vernon Ave., Mt Vernon, NY

See Similar Deals
MultiFamily3,600 SF
Sold 10/20/2022
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$250
Total Square Footage:3,600 SF
Transaction Type:Sale

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

1 deal$900K volume(914) 665-5473
BROKER

SELLER

3 deals$1.8M volume
SELLER

Details

SOLD
IMAGE: Maz Kashani & Neda Kashani DATE: 10/20/2022 ADDRESS: 23 Vernon Ave MARKET: Mount Vernon ASSET TYPE: Multifamily SELLER: Kash Realty (@Kash_Realty) - Maz Kashani & Neda Kashani BROKER: Errol Brown SALE PRICE: $900,000 UNITS: 2 ~ PPU: $450,000 SF: 3,600 ~ PPSF: $250 NOTE FROM @Kash_Realty: Mazyar Kashani (516) 317-0941 [email protected] Neda Kashani (516) 423-1633 We Buy: Distressed single family- 3 family houses located * Bronx * Queens * Westchester area Value-add Free Market Multifamily 10-100 units: * NY (Westchester, Upstate NY) * NJ * CT * Please reach out to us with any deals and for any hard money needs. Inquire for rates!

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$48,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,197.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,266.46
Annual Debt Service$51,197.51