Arsan Yakubov Acquires Wakefield Multifamily For $389,000
1000 East 225th Street, The Bronx, New York 10466, United States
$389,000
$243/SF
Building Size
1,600 SF
Asset Type
MultiFamily
Closing
May 4, 2022
AI
A multifamily property located at 1000 E. 225th St. in Wakefield has been sold. The sale took place on 05/05/2022. The property was purchased by Arsan Yakubov from NYCT for a total price of $389,000. The property consists of 2 units, with a price per unit of $194,500. The total size of the property is 1,600 square feet, resulting in a price per square foot of $243.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $389,000
- Address: 1000 E. 225th St.
- Market: Wakefield
- Buyer: Arsan Yakubov
- Seller: NYCT
- Broker: Bension Abramov - Living Property Group (www.livingpropertygroup.com)
- Units: 2
- Price per Unit: $194,500
- Total Size: 1,600 square feet
- Price per Square Foot: $243
The sale was facilitated by Bension Abramov of Living Property Group. For more information about the broker, you can visit their website at www.livingpropertygroup.com.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
40.78%
Cash-on-Cash
-11.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93