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
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