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Shabj Meh Acquires Multifamily Property In Yonkers For $4.3M

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SOLD
$4,300,000

New York

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MultiFamily22,752 SF
Sold 03/01/2024
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Property Image
SOLD

Shabj Meh Acquires Multifamily Property In Yonkers For $4.3M

376 Mclean Avenue

See Similar Deals
MultiFamily22,752 SF
Sold 03/01/2024
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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.

Players

Michael Nukho
16 deals$72.7M volume
BROKER

Lukasz Przybylek
NuRealty Advisors
16 deals$72.7M volume
BROKER

Details

SOLD
IMAGE: Michael Nukho & Lukasz Przybylek DATE: 03/01/2024 ADDRESS: 376 Mclean Avenue MARKET: Yonkers ASSET TYPE: Multifamily BUYER: Shabj Meh SELLER: Richard Yume BROKERS: Michael Nukho & Lukasz Przybylek - NuRealty Advisors SALE PRICE: $4,300,000 UNITS: 32 ~ PPU: $134,375 SF: 22,752 ~ PPSF: $189

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Deal Type
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