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
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