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104 Terrace View Ave, The B...

Barry Weiss Acquires Multifamily Property In Marble Hill/ Bronx For $2.75M
SOLDMultiFamily

Barry Weiss Acquires Multifamily Property In Marble Hill/ Bronx For $2.75M

104 Terrace View Ave, The Bronx, NY 10463, USA

$2,750,000

$257/SF

Building Size

10,690 SF

Asset Type

MultiFamily

Closing

Sep 22, 2019

AI

The multifamily property located at 104 Terrace View Avenue in Marble Hill/Bronx has been sold in a closed transaction. The property, consisting of 12 units, was sold by Anthony Caruso to Barry Weiss. The property was listed by brokers Peter Von Der Ahe, Seth Glasser, Michael Fusco, and Isaac Lipton. The transaction involved an asking price of $2,950,000 and a sale price of $2,750,000. The property has a total area of 10,690 square feet, resulting in a price per square foot of $257. The price per unit for the property is $229,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,750,000
  • Address: 104 Terrace View Avenue, Marble Hill/Bronx
  • Market: Marble Hill/Bronx
  • Asking Price: $2,950,000
  • Square Feet: 10,690
  • Price per Square Foot: $257
  • Units: 12
  • Price per Unit: $229,000

The property transaction was facilitated by brokers Peter Von Der Ahe, Seth Glasser, Michael Fusco, and Isaac Lipton. These brokers represented the seller, Anthony Caruso, and facilitated the transaction with the buyer, Barry Weiss.

Players

Michael Fusco

Marcus & Millichap

Broker

$576.1M

vol

88 deals

Broker

Anthony Caruso

Seller

$13M

vol

2 deals

Seller

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

5.77%

Cash-on-Cash

-1.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93