Dwight City Group Acquires Multifamily Asset From Tallbridge Capital For $4.05M In Yonkers
615 Warburton Avenue, Yonkers, NY, USA
$4,050,000
$3,308/SF
Building Size
1,224 SF
Asset Type
MultiFamily
Closing
Dec 8, 2020
AI
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
City of Yonkers MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.92%
Cash-on-Cash
-1.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93