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89 Maple Street

Nathan Korn Acquires Multifamily Properties In Yonkers For $5.2 Million From Richard Youm
SOLDMultiFamily

Nathan Korn Acquires Multifamily Properties In Yonkers For $5.2 Million From Richard Youm

89 Maple Street, 91 Maple Street, 95 Maple Street, 27 Garfield Street & 35 Garfield Street

$5,200,000

$166/SF

Building Size

31,164 SF

Asset Type

MultiFamily

Closing

Aug 6, 2025

AI

The transaction involves a multifamily asset located at 89 Maple Street, 91 Maple Street, 95 Maple Street, 27 Garfield Street, and 35 Garfield Street in Yonkers. The sale was completed for a total of $5,200,000, encompassing 31 units which results in a per unit price of $167,741. The asset yielded a cap rate of 9.3%.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $5,200,000
  • Units: 31
  • Price Per Unit: $167,741
  • Cap Rate: 9.3%
  • Buyer: Nathan Korn
  • Seller: Richard Youm
  • Brokers: Michael Nukho & Lukasz Przybylek - NuRealty Advisors

This transaction showcased the expertise of Michael Nukho and Lukasz Przybylek as they represented both parties in the deal through their firm NuRealty Advisors. Their involvement was pivotal in the negotiation process and successful completion of this multifamily property sale.

Players

Michael Nukho

NuRealty Advisors

Broker

$72.7M

vol

16 deals

Broker
NuRealty Advisors
NuRealty AdvisorsBrokerage

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

3.05%

Cash-on-Cash

-0.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93