Updated Dec 21, 2023
Luis Andia Acquires Multifamily Property In Westchester County, Yonkers For $2.95M
50 Fairview Street, Yonkers, New York 10703, United States
$2,950,000
$143/SF
Building Size
20,592 SF
Asset Type
MultiFamily
Closing
Mar 24, 2022
About this deal
AI
A multifamily property located at 50 Fairview St in Westchester County, Yonkers, was recently sold for a total price of $2,950,000. The property consists of 18 units, with an average price per unit of $163,888. The total square footage of the property is 20,592, resulting in a price per square foot of $143.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,950,000
- Address: 50 Fairview St, Westchester County, Yonkers
- Market: Westchester County, Yonkers
- Buyer: Luis Andia
- Seller: Richard Chen
- Brokers: Michael Nukho (NuRealty Advisors Inc.) and Lukasz Przybylek (NuRealty Advisors Inc.)
The buyer of the property was Luis Andia, while Richard Chen acted as the seller. The transaction was facilitated by brokers Michael Nukho and Lukasz Przybylek of NuRealty Advisors Inc.
Players
City of 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
5.38%
Cash-on-Cash
-1.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93