Updated Oct 29, 2024
Baker Capital Group Acquires Multifamily Property On Prospect Avenue In Foxhurst, Bronx For $625K
1044 Prospect Ave, The Bronx, NY 10459, USA
$625,000
$199/SF
Building Size
3,135 SF
Asset Type
MultiFamily
Closing
Sep 14, 2020
About this deal
AI
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
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
25.38%
Cash-on-Cash
-7.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93