Private Investor Acquires Multifamily Property In Bronx For $3.3M
1652 University Ave, Berkeley, CA 94703, USA
Building Size
6,232 SF
Asset Type
MultiFamily
Closing
Dec 5, 2017
AI
The multifamily property located at 1652 University Avenue in New York's Bronx neighborhood has been sold. The property was sold for a price of $3,300,000. The transaction involved a private investor as the buyer. The seller of the property was Uri Dreyfus. The deal was brokered by Aaron Jungreis, Simon Shaoulpour, and Mike Kerwin.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,300,000
- Address: 1652 University Avenue, New York
- Market: Bronx
- Seller: Uri Dreyfus
- Buyer: Private Investor
- Brokers: Aaron Jungreis, Simon Shaoulpour, Mike Kerwin
Aaron Jungreis, Simon Shaoulpour, and Mike Kerwin represented the buyer and seller in this transaction. These key individuals were instrumental in facilitating the deal, ensuring that both parties reached a mutually beneficial agreement.
Players
Berkeley 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93