Updated Dec 19, 2023
SOLDMultiFamily
Sharif Sayed Acquires Multi Family Property In Longwood, Bronx For $1.125M
1047 Hoe Ave, The Bronx, NY 10459, USA
Building Size
54,610 SF
Asset Type
MultiFamily
Closing
May 8, 2018
About this deal
AI
The multi-family property located at 1047 Hoe Avenue in Longwood, Bronx, New York, has been sold for a price of $1,125,000. The property spans a total area of 5,461 square feet and was sold for approximately $206 per square foot.
Summary of transaction details
- Property Type: Multi Family
- Transaction Amount: $1,125,000
- Address: 1047 Hoe Avenue, Longwood, Bronx, New York
- Market: Longwood, Bronx
- Square Footage: 5,461 sf
The seller of the property was Stephanie Bernardis, while the buyer was Sharif Sayed.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93