Updated Oct 29, 2024
H&O Capital Funding Provides $450,000 Loan For Multifamily Property In South Bronx
1824 Mohegan Avenue, The Bronx, NY, USA
$450,000
$208/SF
Building Size
2,160 SF
Asset Type
MultiFamily
Closing
Jan 13, 2021
About this deal
AI
The multifamily property located at 1824 Mohegan Ave in the South Bronx has undergone a loan transaction. The loan, amounting to $450,000, was secured through H&O Capital Funding.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $450,000
- Address: 1824 Mohegan Ave
- Market: South Bronx
Real Estate Mogul Group, represented by Mohammed Bhutta, acted as the landlord in this transaction. Shahid Jafri and Judah Berger, from Jafri Capital, represented the parties involved in the deal.
The multifamily loan at 1824 Mohegan Avenue, The Bronx, NY, USA in New York, New York financed for $450K in 2021. The building is 2,160 square feet, implying about 208 per square foot on the published price. Named participants on the 1824 Mohegan Avenue, The Bronx, NY, USA loan are Shahid Jafri, Judah Berger. This page is the New York, New York file for the 1824 Mohegan Avenue, The Bronx, NY, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else financed near 1824 Mohegan Avenue, The Bronx, NY, USA around 2021. Published consideration for 1824 Mohegan Avenue, The Bronx, NY, USA is $450K, dated 2021. Cite this H&O Capital Funding Provides $450,000 Loan For Multifamily Property In South Bronx loan when underwriting similar multifamily product around New York, New York.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
35.25%
Cash-on-Cash
-10.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93