Genesis Capital Refinances Mount Vernon, Yonkers & Bridgeport Properties For $2.6M
314 S 5th Ave Mt Vernon, NY 10550, USA
$2,567,250
$197/SF
Building Size
13,000 SF
Asset Type
Package Deal
Closing
Aug 21, 2023
AI
A package deal consisting of four properties has been transacted in the Mount Vernon, Yonkers, NY, and Bridgeport, CT markets. The properties include 314 South 5th Avenue, 755 Ogden Street, 157 Voss Ave, and 297 Dover Street. With a total square footage of 13,000, this package deal presents a unique investment opportunity.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $2,567,250
- Lender: Genesis Capital
- Landlord: Avi Yosopov and Shawn Yosopov
- Loan Type: Refinance
Avi Yosopov and Shawn Yosopov, the landlords of the properties, have partnered with Yoso Properties in search of value-add properties in the Tri-State area. They are actively seeking opportunities and can be contacted at [email protected] and [email protected].
Players
Market Package Deal Market Snapshot
Boundary boundary · Package Deal · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.18%
Cash-on-Cash
-1.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93