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Dwight City Group Acquires Multifamily Asset From Tallbridge Capital For $4.05M In Yonkers

Property Image
SOLD
$4,050,000
Tony Nabhan
Chrystal Reid

New York

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MultiFamily1,224 SF
Sold 12/09/2020
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Property Image
SOLD

Dwight City Group Acquires Multifamily Asset From Tallbridge Capital For $4.05M In Yonkers

615 Warburton Avenue, Yonkers, NY, USA

See Similar Deals
MultiFamily1,224 SF
Sold 12/09/2020
Tony Nabhan
Chrystal Reid
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$3,308
Total Square Footage:1,224 SF
Transaction Type:Sale

The asset involved in this transaction is a multifamily property located at 615 Warburton Avenue in Yonkers. The sale price of the property was $4,050,000, and it comprises 44 units, resulting in a price per unit of $92,045.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,050,000
  • Address: 615 Warburton Avenue
  • Market: Yonkers
  • Units: 44
  • Price Per Unit: $92,045
  • Buyer: Dwight City Group
  • Seller: Tallbridge Capital - Jason Harkavy
  • Brokers: Tony Nabhan & Chrystal Reid @KWNewYorkCity

The deal was facilitated by brokers Tony Nabhan and Chrystal Reid, representing the buyer, Dwight City Group, and the seller, Tallbridge Capital represented by Jason Harkavy.

Players

Chrystal Reid
Chrystal Reid
2 deals$4.1M volume
BROKER
Tony Nabhan
Keller Williams Realty
Tony Nabhan
8 deals$18.8M volume(973) 271-1044
BROKER

Details

SOLD
IMAGE: @Tony.Nabhan & @Chrystal_Kitt_Reid DATE: 12/09/2020 ADDRESS: 615 Warburton Avenue MARKET: Yonkers ASSET TYPE: Multifamily BUYER: Dwight City Group SELLER: Tallbridge Capital - Jason Harkavy BROKERS: Tony Nabhan & Chrystal Reid @KWNewYorkCity PRICE: $4,050,000 UNITS: 44 ~ PPU: $92,045 https://scontent-iad3-1.cdninstagram.com/v/t51.29350-15/132001506_853024428828876_1774620105344674006_n.jpg?_nc_cat=101&ccb=2&_nc_sid=8ae9d6&_nc_ohc=ylTBznAhnhkAX9N0JZg&_nc_ht=scontent-iad3-1.cdninstagram.com&oh=becf6f7cb1972096bf3ab47e95195491&oe=60098D13

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

$216,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,388.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,199.07
Annual Debt Service$230,388.79