facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

78 Briggs Avenue

Joseph Desch Purchases Multifamily Property At 78 Briggs Avenue In Yonkers For $965,000
SOLDMultiFamily

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

Michael Scrima

Houlihan Lawrence Commercial

Broker

$214.1M

vol

60 deals

Broker
Thomas Gorman Jr.
Verified Badge

Thomas Gorman Jr.

Houlihan Lawrence Commercial

Broker

$240M

vol

62 deals

Broker
Houlihan Lawrence Commercial
Houlihan Lawrence CommercialBrokerage

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

16.44%

Cash-on-Cash

-4.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93