Baker Capital Group Acquires Multifamily Property In Mt. Vernon, Westchester County
SOLD
$750,000
New York
See Similar DealsMultiFamily4,674 SF
Sold 02/25/2021
SOLD
Baker Capital Group Acquires Multifamily Property In Mt. Vernon, Westchester County
210 South 1st Avenue, Mount Vernon, NY 10550, USA
See Similar DealsMultiFamily4,674 SF
Sold 02/25/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$160
Total Square Footage:4,674 SF
Transaction Type:Sale
A multifamily property located at 30 Vernon Ave. & 210 South 1st Ave. in Mt. Vernon, Westchester County has been sold. The transaction took place on February 25, 2021. The property consists of 6 units and was sold for a total price of $750,000, resulting in an average price per unit of $107,142.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $750,000
- Date: 02/25/2021
- Address: 30 Vernon Ave. & 210 South 1st Ave.
- Market: Mt. Vernon, Westchester County
The buyer of the property is @BakerCapitalGroup LLC, represented by Jordan Cohen and Don Bichoupan. Baker Capital Group is actively seeking 3-5 families and larger Free Market properties in the Bronx & Westchester. If you are interested in contacting the buyer directly, you can reach out to Jordan Cohen at (917) 983-9145 or via email at [email protected], and Don Bichoupan at [email protected].
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$40,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,664.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,555.38
Annual Debt Service$42,664.59
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