Sunrise Equities Acquires Bronx Multifamily Properties For $2.8M Loan
1131 Forest Avenue
$2,812,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 17, 2021
AI
A multifamily property located at 1131 Forest Avenue, 3490 Eastchester Road, 1632 Taylor Avenue, and 1041 Lowell Street in the Bronx has been involved in a closed transaction. The property is situated in the Bronx market and falls under the asset type of multifamily.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,812,000
- Address: 1131 Forest Avenue, 3490 Eastchester Road, 1632 Taylor Avenue, and 1041 Lowell Street
- Market: Bronx
The property is owned by Eddie Sachar and Neer Sachar of Sunrise Equities, who actively seek value add multifamily and mixed-use properties throughout the New York Metro area. For potential deals, brokers can contact Neer directly at [email protected] or (516)776-3195.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.64%
Cash-on-Cash
-1.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93