NY Metro Holdings Sells Multifamily Property In Mott Haven, Bronx For $6.4M
864 East 149th Street
$6,405,000
$169/SF
Building Size
37,906 SF
Asset Type
—
Closing
Jul 26, 2022
About this deal
AI
A multifamily property located at 864 East 149th Street in the Mott Haven neighborhood of the Bronx has been sold for a total of $6,405,000. The property consists of 46 units, with an average price per unit of $139,239. The total square footage of the property is 37,906, resulting in a price per square foot of $168.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,405,000
- Units: 46
- Price per Unit: $139,239
- Square Footage: 37,906
- Price per Square Foot: $168
The seller of the property is NY Metro Holdings, represented by Dominica O'Neal. The transaction was facilitated by broker Zachary Fuchs from GFI Realty.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.48%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93