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536-542 N High St, Mount Ve...

Larry Zombek, Andrew Doppelt Acquire Multifamily Property In Mount Vernon NY For $2.2M
SOLDMultiFamily

Larry Zombek, Andrew Doppelt Acquire Multifamily Property In Mount Vernon NY For $2.2M

536-542 N High St, Mount Vernon, Westchester County, NY 10552, USA

$2,200,000

$191/SF

Building Size

11,500 SF

Asset Type

MultiFamily

Closing

Nov 18, 2021

AI

The multifamily property located at 536-542 N. High St. in Mount Vernon, NY 10552 has been sold in a transaction. The sale took place on 11/18/2021 in the Westchester market. The property consists of 17 units, with a total square footage of 11,500. The sale price for this transaction was $2,200,000, resulting in a price per unit of $129,411 and a price per square foot of $191.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,200,000
  • Address: 536-542 N. High St., Mount Vernon, NY 10552
  • Market: Westchester
  • Units: 17
  • Square Footage: 11,500

The buyer in this transaction is Larry Zombek, Andrew Doppelt, Joseph Stein, and Derek Greenbaum. They have acquired the property from Hillside View Realty LLC. The broker representing the buyer in this deal is Isabel Suspiro from Four Seasons Real Estate Center.

Players

Isabel Suspiro

Broker

$2.2M

vol

1 deal

Broker

Joseph Stein

Buyer

$7.8M

vol

3 deals

Buyer

City of Mount Vernon 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

7.21%

Cash-on-Cash

-2.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93