Shabj Meh Acquires Multifamily Property In Yonkers For $4.3M
376 Mclean Avenue
$4,300,000
$189/SF
Building Size
22,752 SF
Asset Type
MultiFamily
Closing
Mar 1, 2024
AI
The multifamily property located at 376 Mclean Avenue in Yonkers was recently sold for $4,300,000. The asset comprises 32 units with a price per unit of $134,375. Spanning 22,752 square feet, the property was acquired at a price per square foot of $189.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,300,000
- Units: 32
- Price Per Unit: $134,375
- Square Footage: 22,752
- Price Per Square Foot: $189
- Address: 376 Mclean Avenue, Yonkers
- Buyer: Shabj Meh
- Seller: Richard Yume
- Brokers: Michael Nukho & Lukasz Przybylek - NuRealty Advisors
The transaction was facilitated by Michael Nukho and Lukasz Przybylek from NuRealty Advisors, who represented the buyer and seller in the deal.
Players
Yonkers 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
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93