Updated Oct 28, 2024
CYA Management Acquires Boynton Avenue Multifamily For $10.75M
1040 Boynton Avenue, The Bronx, New York 10472, United States
$10,750,000
$231/SF
Building Size
46,500 SF
Asset Type
MultiFamily
Closing
Jul 20, 2022
About this deal
AI
The multifamily property located at 1040, 1045, and 1053 Boynton Avenue in Soundview has been sold. The transaction took place on 07/21/2022, with a sale price of $10,750,000. The property consists of 60 units, with an average price per unit of $179,166. The total square footage of the property is 46,500, making the price per square foot $231.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,750,000
- Units: 60
- Average Price per Unit: $179,166
- Square Footage: 46,500
- Price per Square Foot: $231
- Address: 1040, 1045 & 1053 Boynton Avenue
- Market: Soundview
The buyer of the property is CYA Management, while the seller is Chaim Lipschitz.
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
1.48%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93