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Nicolette Turner Purchases Multifamily Property From Robert Holley In Mount Vernon For $775,000

Property Image
SOLD
$775,000
Rayshaun Addison
Joshua Brown
Matthew Manswell

New York

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MultiFamily5,000 SF
Sold 08/27/2024
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Property Image
SOLD

Nicolette Turner Purchases Multifamily Property From Robert Holley In Mount Vernon For $775,000

359 Egmont Avenue

See Similar Deals
MultiFamily5,000 SF
Sold 08/27/2024
Rayshaun Addison
Joshua Brown
Matthew Manswell
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$155
Total Square Footage:5,000 SF
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located at 359 Egmont Avenue in the Mount Vernon market. The sale price settled at $775,000, which corresponds to a price per unit of $387,500, based on the 2 units available. The total square footage of the property is 5,000, yielding a price per square foot of $155.

Summary of transaction details:

The buyer, Nicolette Turner, completed the transaction with the seller, Robert Holley, facilitated by the broker representatives from Pushing Forward Realty, including Joshua Brown, Rayshaun Addison, and Matthew Manswell. Note that Joshua Brown serves as the Principal Broker of Pushing Forward Realty.

Players

Joshua Brown
Joshua Brown
14 deals$15.2M volume(516) 778-8360
BROKER
Rayshaun Addison
Pushing Forward Realty
Rayshaun Addison
7 deals$7.1M volume
BROKER
Matthew Manswell
Pushing Forward Realty
Matthew Manswell
1 deal$775K volume
BROKER

Details

SOLD
IMAGE: Rayshaun Addison, Joshua Brown & Matthew Manswell DATE: 08/27/2024 ADDRESS: 359 Egmont Avenue MARKET: Mount Vernon ASSET TYPE: Multifamily BUYER: Nicolette Turner SELLER: Robert Holley BROKERS: Joshua Brown (@JoshOnDemand), Rayshaun Addison (@Ray_Addison) & Matthew Manswell (@Sir.Manswell) - Pushing Forward Realty (@PushingForwardRealty) SALE PRICE: $775,000 UNITS: 2 ~ PPU: $387,500 SF: 5,000 ~ PPSF: $155 NOTE FROM BROKER: Pushing Forward Realty Joshua Brown. Principal Broker www.pushingforward.nyc 516-778-8360 www.linkedin.com/in/joshbrokernyc

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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$2,753.42
Cash-on-Cash Return-1.27%
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