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1077 Teller Avenue

Joseph Safdie Acquires 8-Unit Multifamily In Bronx For $2.6M With Brokers Jacob Harooni & Eli Soleimani - SP Capital Group
SOLDMultiFamily

Joseph Safdie Acquires 8-Unit Multifamily In Bronx For $2.6M With Brokers Jacob Harooni & Eli Soleimani - SP Capital Group

1077 Teller Avenue

$2,600,000

$353/SF

Building Size

7,360 SF

Asset Type

MultiFamily

Closing

Mar 15, 2023

AI

A multi-family property located at 1077 Teller Avenue in the Bronx has been sold in a closed transaction. The property consists of 8 units and spans across 7,360 square feet. The sale price for this transaction was $2,600,000, resulting in a price per unit of $325,000. The price per square foot is estimated to be $353.

Summary of transaction details

  • Property Type: MultiFamily
  • Transaction Amount: $2,600,000
  • Units: 8
  • Price per Unit: $325,000
  • Square Footage: 7,360
  • Price per Square Foot: $353
  • Market: Bronx

The buyer involved in this transaction is Joseph Safdie, while Joseph Freier acted as the seller. The transaction was facilitated by the broker representatives Jacob Harooni and Eli Soleimani from SP Capital Group. It is worth noting that SP Capital Group represented both the buyer and the seller, showcasing their ability to effectively navigate off-market transactions and cater to qualified cash buyers.

To inquire about this transaction or other off-market investment opportunities, interested parties can contact Jacob Harooni at (212) 343-3042 or [email protected], and Eli Soleimani at (212) 398-6310 or [email protected]. SP Capital Group is also actively seeking experienced investment sales broker/agents to join their team. Interested individuals can email their resumes to [email protected], with all inquiries treated confidentially.

Players

Jacob Harooni

SP Capital Group

Broker

$52.1M

vol

10 deals

Broker
Joseph Safdie

Joseph Safdie

Buyer

$25.1M

vol

16 deals

Buyer

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.10%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93