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
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