Updated Dec 21, 2023
Joey Stein Acquires Multifamily Property In Mount Vernon For $2.2M
4 West 4th Street, New York, NY 10012, USA
$2,195,000
$151/SF
Building Size
14,500 SF
Asset Type
MultiFamily
Closing
May 4, 2020
About this deal
AI
The multifamily property located at 4 West 4th Street in Mount Vernon has been sold in a closed transaction. The property spans 14,500 square feet and consists of 18 units. The sale price for this asset was $2,195,000, resulting in a price per square foot of $151 and a per unit price of $121,944.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,195,000
- Square Footage: 14,500
- Address: 4 West 4th Street
- Market: Mount Vernon
The seller of the property was Alex Cornfeld, while the buyer was Joey Stein. The brokers involved in this transaction were Anthony Watkins and David Algarin from @OakAveryGroup.
Players
New York 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
7.23%
Cash-on-Cash
-2.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93