Neer Sachar Acquires Multifamily Property On Lowell Street In Foxhurst, The Bronx
SOLD
$408,000
New York
See Similar DealsMultiFamily3,320 SF
Sold 08/10/2020
SOLD
Neer Sachar Acquires Multifamily Property On Lowell Street In Foxhurst, The Bronx
1041 Lowell St, The Bronx, NY 10459, USA
See Similar DealsMultiFamily3,320 SF
Sold 08/10/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$122
Total Square Footage:3,320 SF
Transaction Type:Sale
A multifamily property located at 1041 Lowell Street in Foxhurst, The Bronx, has been sold in a closed transaction. The property spans 3,320 square feet and was sold for a price of $408,000, resulting in a price per square foot of $122.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $408,000
- Address: 1041 Lowell Street
- Market: Foxhurst, The Bronx
The buyer of the property is Neer Sachar, while the seller is Budnarine Behari. Neer Sachar is actively seeking multifamily acquisitions in The Bronx and Brooklyn, and for more information, interested parties can contact Neer directly at [email protected].
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$21,760.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$1,449.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,934.13
Annual Debt Service$23,209.54
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