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2048 Mapes Avenue, The Bron...

Lev Mavashev & Yehuda Leser Acquires Package Deal In Tremont For $3.875M
SOLD

Lev Mavashev & Yehuda Leser Acquires Package Deal In Tremont For $3.875M

2048 Mapes Avenue, The Bronx, New York 10460, United States

$3,875,000

$164/SF

Building Size

23,496 SF

Asset Type

Closing

May 8, 2022

AI

The package deal consisting of properties located at 2048 & 2052 Mapes Ave. in Tremont has been sold for a total price of $3,875,000. The transaction took place on 05/09/2022 and was facilitated by Lev Mavashev and Yehuda Leser of Alpha Realty. The combined square footage of the properties is 23,496, resulting in a price per square foot of $164.

Summary of transaction details

  • Property Type: Package Deal
  • Transaction Amount: $3,875,000
  • Address: 2048 & 2052 Mapes Ave., Tremont
  • Brokers: Lev Mavashev & Yehuda Leser - Alpha Realty
  • Square Footage: 23,496
  • Price Per Square Foot: $164
  • Date: 05/09/2022

Lev Mavashev and Yehuda Leser, representing Alpha Realty, played a key role in facilitating the sale of these properties. Their expertise in the Tremont market and their negotiating skills contributed to the successful transaction.

Players

Lev Mavashev

Alpha Realty

Broker

$742M

vol

106 deals

Broker

New York CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.09%

Cash-on-Cash

-1.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93