Shabj Meh Acquires Multifamily Property In Yonkers For $4.3M
SOLD
New York
See Similar DealsMultiFamily22,752 SF
Sold 03/01/2024
SOLD
Shabj Meh Acquires Multifamily Property In Yonkers For $4.3M
376 Mclean Avenue
See Similar DealsMultiFamily22,752 SF
Sold 03/01/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$189
Total Square Footage:22,752 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$229,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,277.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,384.19
Annual Debt Service$244,610.33
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