Baker Capital Group Acquires Multifamily Property On Prospect Avenue In Foxhurst, Bronx For $625K
SOLD
$625,000
New York
See Similar DealsMultiFamily3,135 SF
Sold 09/15/2020
SOLD
Baker Capital Group Acquires Multifamily Property On Prospect Avenue In Foxhurst, Bronx For $625K
1044 Prospect Ave, The Bronx, NY 10459, USA
See Similar DealsMultiFamily3,135 SF
Sold 09/15/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$199
Total Square Footage:3,135 SF
Transaction Type:Sale
Located at 1044 Prospect Avenue in the Foxhurst neighborhood of the Bronx, this multifamily property was recently sold in a transaction. The property consists of three units and was sold for a total price of $625,000, resulting in a per unit price of $208,333.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $625,000
- Units: 3
- Price Per Unit: $208,333
- Buyer: Baker Capital Group
- Seller: Unknown
Baker Capital Group, a real estate investment firm, acquired this property as part of their active pursuit of new acquisitions in the Bronx and Westchester multi family market.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$33,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,220.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$2,962.82
Annual Debt Service$35,553.83
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