Jordan Cohen Acquires Multifamily Property In Westchester For $1.25M
SOLD
$1,250,000
New York
See Similar DealsMultiFamily6,418 SF
Sold 09/30/2022
SOLD
Jordan Cohen Acquires Multifamily Property In Westchester For $1.25M
238 South 3rd Avenue, Mount Vernon, New York 10550, United States
See Similar DealsMultiFamily6,418 SF
Sold 09/30/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$194
Total Square Footage:6,418 SF
Transaction Type:Sale
A multifamily property located at 238 S. 3rd Ave. in Westchester has been sold for $1,250,000. The property consists of 8 units with a total square footage of 6,418, resulting in a price per square foot of $194. The buyer, Jordan Cohen, acquired the property from the seller, Moshe Goldberg.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Units: 8
- Price per Unit: $156,250
- Square Footage: 6,418
- Price per Square Foot: $194
The sale was facilitated by Michael Scrima and Thomas Gorman Jr. from Redwood Realty Advisors, who represented both the buyer and the seller in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65
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