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1049 Kelly St, The Bronx, N...

Ariel Property Advisors Brokers $1.6M Sale Of Bronx Multifamily Building
SOLDMultiFamily

Ariel Property Advisors Brokers $1.6M Sale Of Bronx Multifamily Building

1049 Kelly St, The Bronx, NY 10459, USA

$1,625,000

$181/SF

Building Size

8,932 SF

Asset Type

MultiFamily

Closing

Aug 22, 2018

AI

A 4-story, 9-unit multifamily building located at 1049 Kelly Street in the Bronx, New York has been sold. The transaction, which closed on August 23, 2018, involved a purchase price of $1,625,000. The building spans a total of 8,932 gross square feet and has a price per square foot of $182.

Summary of transaction details:

  • Property Type: 4-story, 9-unit Multifamily Building
  • Transaction Amount: $1,625,000
  • Square Footage: 8,932 gross square feet
  • Address: 1049 Kelly Street, Bronx, New York
  • Market: Bronx

Jason Gold from Ariel Property Advisors and Marko Agbaba, also from Ariel Property Advisors, represented the involved parties in the deal.

Players

Jason M. Gold

Ariel Property Advisors

Broker

$1B

vol

59 deals

Broker

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

9.76%

Cash-on-Cash

-2.79%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93