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ABJ Properties Acquires Property At 2077 Vyse Ave Bronx For $4.1M With Buyer’s Reps Yosef Katz And Zachary Fuchs

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SOLD
$4,099,999

New York

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ABJ Properties Acquires Property At 2077 Vyse Ave Bronx For $4.1M With Buyer’s Reps Yosef Katz And Zachary Fuchs

2077 Vyse Ave, Bronx, NY, 10460

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Summary

NEW YORK
Transaction Type:Sale

The property asset involved in the context is a pair of four-story apartment buildings located at 2077 Vyse Ave, Bronx, NY, 10460. The transaction was finalized at a price of $4,099,999. The buildings are situated in the West Farms section of the Bronx and are prewar walk-up units, adding to their historical character and charm. They are strategically placed close to public transport and various amenities, including the Bronx Zoo and nearby parks.

Summary of transaction details:

Yosef Katz, managing director at Atlas Realty Group, and Zachary Fuchs, associate at GFI Realty Services, represented both ABJ Properties and Alex Mehmetaj in this transaction. The deal reflects the growing investment interest in the Bronx, with both buyer and seller recognizing the potential value and opportunity presented by these cash-flowing residential assets. Katz noted strong interest from other investors, further highlighting the attractiveness of the location.

Players

Yosef Katz
133 deals$1.1B volume
BROKER

Shlomo Antebi
Atlas Realty Group
138 deals$1B volume
BROKER

Zachary Fuchs
GFI Realty Services
62 deals$322.8M volume
BROKER

BUYER

Details

SOLD
IMAGE: 2077 Vyse Ave, Bronx, NY, 10460 MARKET: Bronx BUYER'S REP: Yosef Katz(Atlas Realty Group), Zachary Fuchs(GFI Realty Services) BUYER: ABJ Properties SELLER: Alex Mehmetaj PRICE: $4,099,999.00

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$218,666.61

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,566.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,436.09
Annual Debt Service$233,233.04