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
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