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376 Mclean Avenue

Shabj Meh Acquires Multifamily Property In Yonkers For $4.3M
SOLDMultiFamily

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

Michael Nukho

NuRealty Advisors

Broker

$72.7M

vol

16 deals

Broker

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