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
About this deal
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.
On the Map
$3,875,000
$164/SF
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Players
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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