Updated Dec 21, 2023
Dominick Miano Acquires 10-Unit Multifamily In Yonkers For $1.85M
640 Van Cortlandt Park Avenue, Yonkers, NY 10705, USA
$1,850,000
$157/SF
Building Size
11,730 SF
Asset Type
MultiFamily
Closing
Sep 28, 2021
About this deal
AI
The multifamily property located at 640 Van Cortlandt Park Avenue in Yonkers has been sold. The sale was finalized on September 28, 2021, with a sale price of $1,850,000. The property consists of 10 units, with a price per unit of $185,000. The total square footage of the property is 11,730, resulting in a price per square foot of $157. The sale was facilitated by brokers Anthony Watkins and David Algarin from The Oak & Avery Group.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,850,000
- Units: 10
- Price Per Unit: $185,000
- Square Footage: 11,730
- Price Per Square Foot: $157
- Address: 640 Van Cortlandt Park Avenue, Yonkers
- Market: Yonkers
Dominick Miano has purchased the property from Margaret Peppard. Anthony Watkins and David Algarin, representing The Oak & Avery Group, acted as the brokers in the transaction.
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
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93