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1038 White Plains Road

Kumbullaj Family Acquires Unionport Multifamily For $750,000 Through IPRG
SOLDMultiFamily

Kumbullaj Family Acquires Unionport Multifamily For $750,000 Through IPRG

1038 White Plains Road

$750,000

$146/SF

Building Size

5,120 SF

Asset Type

MultiFamily

Closing

Jul 8, 2024

AI

The multifamily property located at 1038 White Plains Road in Unionport, Bronx, was sold for $750,000. The property comprises 7 units with a price per unit of $107,143. The total square footage of the property is 5,120, resulting in a price per square foot of $146.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $750,000
  • Units: 7
  • Price Per Unit: $107,143
  • Square Footage: 5,120
  • Price Per Square Foot: $146
  • Address: 1038 White Plains Road
  • Market: Unionport, Bronx

Jared Friedman and David Roman from Investment Property Realty Group (IPRG) represented the buyer and seller, facilitating the successful transaction of the multifamily property. The Kumbullaj Family acquired the property from Moossa Soleimani, ensuring a smooth transaction process.

Players

Jared Friedman

Investment Property Realty Group (IPRG)

Broker

$34.9M

vol

26 deals

Broker

Bronx 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

21.15%

Cash-on-Cash

-6.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93