Jordan Cohen Acquires Multifamily Property In Westchester For $1.25M
238 South 3rd Avenue, Mount Vernon, New York 10550, United States
$1,250,000
$194/SF
Building Size
6,418 SF
Asset Type
MultiFamily
Closing
Sep 29, 2022
AI
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.
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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93