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
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