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

Property Image
SOLD
$715,000

New York

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MultiFamily3,312 SF
Sold 07/24/2020
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Property Image
SOLD

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

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

See Similar Deals
MultiFamily3,312 SF
Sold 07/24/2020
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$215
Total Square Footage:3,312 SF
Transaction Type:Sale

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

JC
8 deals$13.7M volume
BUYER

Details

SOLD
IMAGE: 7/24/2020 (302 s 1st) & 8/21/2020 (223 North High) ADDRESS: 302 South 1st St. & 233 North High St. MARKET: Mount Vernon ASSET TYPE: Multifamily BUYER: Baker Capital Group - Jordan Cohen, Don Bichoupan 🔥 SELLER: 🤫 PRICE: $715,000 ($325,000 -302 S 1st, $390,000 - 233 N High) UNITS: 6 ~ PPU: $119,166 NOTES: Baker Capital Group is actively seeking new acquisitions in the Bronx & Westchester multi family market. Contact the Buyer Directly with more deals: 📱 (917) 473-0645 📧[email protected] 📧 [email protected]

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$38,133.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$2,540.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,389.46
Annual Debt Service$40,673.58