Ariel Property Advisors Brokers $1.6M Sale Of Bronx Multifamily Building
SOLD
$1,625,000
New York
See Similar DealsMultiFamily8,932 SF
Sold 08/23/2018
SOLD
Ariel Property Advisors Brokers $1.6M Sale Of Bronx Multifamily Building
1049 Kelly St, The Bronx, NY 10459, USA
See Similar DealsMultiFamily8,932 SF
Sold 08/23/2018
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$181
Total Square Footage:8,932 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$86,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,773.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,703.33
Annual Debt Service$92,439.95
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