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1652 University Ave, Berkel...

Private Investor Acquires Multifamily Property In Bronx For $3.3M
SOLDMultiFamily

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

Aaron Jungreis

Rosewood Realty Group

Broker

$4.4B

vol

207 deals

Broker

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