Updated Sep 9, 2024
Eldho Varkey Acquires Multifamily Property In Foxhurst, Bronx For $6.35M
1015 Southern Blvd, The Bronx, NY 10459, USA
$6,350,000
$390/SF
Building Size
16,273 SF
Asset Type
MultiFamily
Closing
Aug 8, 2019
About this deal
AI
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.
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
2.50%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93