Joseph Desch Purchases Multifamily Property At 78 Briggs Avenue In Yonkers For $965,000
SOLD
$965,000
New York
See Similar DealsMultiFamily4,200 SF
Sold 09/11/2025
SOLD
Joseph Desch Purchases Multifamily Property At 78 Briggs Avenue In Yonkers For $965,000
78 Briggs Avenue
See Similar DealsMultiFamily4,200 SF
Sold 09/11/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$229
Total Square Footage:4,200 SF
Transaction Type:Sale
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
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$51,466.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,428.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,574.59
Annual Debt Service$54,895.11
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