Updated Oct 29, 2024
Baker Capital Group Acquires Multifamily Property In Mt. Vernon, Westchester County
210 South 1st Avenue, Mount Vernon, NY 10550, USA
$750,000
$160/SF
Building Size
4,674 SF
Asset Type
MultiFamily
Closing
Feb 24, 2021
About this deal
AI
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].
Players
City of Mount Vernon MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
21.15%
Cash-on-Cash
-6.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93