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302 South 1st Avenue, Mount...

Baker Capital Group Acquires Mount Vernon Multifamily For $715,000
SOLDMultiFamily

Baker Capital Group Acquires Mount Vernon Multifamily For $715,000

302 South 1st Avenue, Mount Vernon, New York, USA

$715,000

$215/SF

Building Size

3,312 SF

Asset Type

MultiFamily

Closing

Jul 23, 2020

AI

The property involved in this transaction is a multifamily asset located at 302 South 1st St. and 233 North High St. in Mount Vernon. The sale took place on 7/24/2020 for 302 South 1st St. and on 8/21/2020 for 233 North High St. The total sale price was $715,000, with $325,000 for 302 South 1st St. and $390,000 for 233 North High St. There are a total of 6 units, resulting in a price per unit of $119,166.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $715,000
  • Buyer: Baker Capital Group - Jordan Cohen, Don Bichoupan
  • Seller: Not disclosed
  • Contact the Buyer Directly for more deals:

Baker Capital Group, represented by Jordan Cohen and Don Bichoupan, was the buyer in this transaction. The seller's identity was not disclosed. It is worth mentioning that Baker Capital Group is actively seeking new acquisitions in the Bronx and Westchester multifamily market. For further inquiries or deals, interested parties can contact Jordan at [email protected] or Don at [email protected], or call (917) 473-0645.

Players

Jordan Cohen

Baker Capital Group

Buyer

$13.7M

vol

8 deals

Buyer

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

22.19%

Cash-on-Cash

-6.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93