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

Property Image
SOLD
$2,200,000
Isabel Suspiro
JS
LZ
+ 2

New York

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MultiFamily11,500 SF
Sold 11/18/2021
the dealplayerscompscontact
Property Image
SOLD

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

See Similar Deals
MultiFamily11,500 SF
Sold 11/18/2021
Isabel Suspiro
JS
LZ
+ 2
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$191
Total Square Footage:11,500 SF
Transaction Type:Sale

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
Isabel Suspiro
1 deal$2.2M volume
BROKER
JS
Joseph Stein
3 deals$7.8M volume
BUYER
LZ
Larry Zombek
4 deals$11.3M volume
BUYER
AD
Andrew Doppelt
3 deals$7.7M volume
BUYER
DG
Derek Greenbaum
7 deals$16.5M volume
BUYER

Details

SOLD
IMAGE: Joseph Stein & Derek Greenbaum DATE: 11/18/2021 ADDRESS: 536-542 N. High St. mount Vernon NY 10552 MARKET: Westchester ASSET TYPE: Multifamily BUYER: Larry Zombek, Andrew Doppelt, Joseph Stein (@JWS914) & Derek Greenbaum (@DerekGreenbaum) SELLER: Hillside View Realty LLC BROKER: Isabel Suspiro - Four Seasons Real Estate Center SALE PRICE: $2,200,000 UNITS: 17 ~ PPU: $129,411 SF: 11,500 ~ PPSF: $191

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$117,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47