Joseph Desch Purchases Multifamily Property At 78 Briggs Avenue In Yonkers For $965,000
78 Briggs Avenue
$965,000
$229/SF
Building Size
4,200 SF
Asset Type
MultiFamily
Closing
Sep 10, 2025
AI
The property located at 78 Briggs Avenue in Yonkers is a multifamily asset consisting of 5 units and spanning 4,200 square feet. The sale was finalized at a price of $965,000, which translates to a per unit price of $193,000 and a price per square foot of $229.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $965,000
- Units: 5
- Square Footage: 4,200
- Price Per Unit: $193,000
- Price Per Square Foot: $229
- Buyer: Joseph Desch
- Seller: Marushka Bindra
- Brokers: Michael Scrima, Thomas Gorman Jr. & Sean Campbell - Houlihan Lawrence Commercial
The transaction involved Joseph Desch as the buyer and Marushka Bindra as the seller. The deal was facilitated by brokers Michael Scrima, Thomas Gorman Jr., and Sean Campbell from Houlihan Lawrence Commercial, representing the interests of the parties involved.
Players
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
16.44%
Cash-on-Cash
-4.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93