Updated Oct 28, 2024
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
About this deal
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.
On the Map
$389,000
$243/SF
MultiFamily
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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