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1041 Lowell St, The Bronx, ...

Neer Sachar Acquires Multifamily Property On Lowell Street In Foxhurst, The Bronx
SOLDMultiFamily

Neer Sachar Acquires Multifamily Property On Lowell Street In Foxhurst, The Bronx

1041 Lowell St, The Bronx, NY 10459, USA

$408,000

$122/SF

Building Size

3,320 SF

Asset Type

MultiFamily

Closing

Aug 9, 2020

AI

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].

Players

Neer Sachar

Sunrise Equities

Buyer

$18.1M

vol

13 deals

Buyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

38.88%

Cash-on-Cash

-11.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93