Eldho Varkey Acquires Multifamily Property In Foxhurst, Bronx For $6.35M
SOLD
$6,350,000
New York
See Similar DealsMultiFamily16,273 SF
Sold
SOLD
Eldho Varkey Acquires Multifamily Property In Foxhurst, Bronx For $6.35M
1015 Southern Blvd, The Bronx, NY 10459, USA
See Similar DealsMultiFamily16,273 SF
Sold
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$390
Total Square Footage:16,273 SF
Transaction Type:Sale
The multifamily property located at 1015 Southern Blvd in Foxhurst, Bronx has been sold in a closed transaction. The property spans 16,273 square feet and was listed with an asking price of $6,488,000. The sale price for the property was $6,350,000, resulting in a price per square foot (PPSF) of $390.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,350,000
- Address: 1015 Southern Blvd
- Market: Foxhurst, Bronx
The buyer of the property is Eldho Varkey. The seller, Rami Esses, was represented by Lina Shi of Sany Realty Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$338,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,560.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,102.24
Annual Debt Service$361,226.88
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