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1098 Croes Avenue, Bronx, N...

Henrik Berisha Acquires Multifamily Properties In Bronx & East Harlem From Ron Rettner For $10.5M
SOLDMultiFamily

Henrik Berisha Acquires Multifamily Properties In Bronx & East Harlem From Ron Rettner For $10.5M

1098 Croes Avenue, Bronx, NY, USA

$10,500,000

$160/SF

Building Size

65,405 SF

Asset Type

MultiFamily

Closing

Jun 29, 2020

AI

Located at 1090-1098 Croes Ave. & 19-21 East 109th St. in the Bronx and East Harlem, this multifamily property spans approximately 65,405 square feet. The transaction, which took place on June 29, 2021, involved the sale of the property.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $10,500,000
  • Buyer: Henrik Berisha
  • Seller: Ron Rettner
  • Brokers: Aaron Jungreis & Ben Khakshoor from RosewoodRG

Aaron Jungreis and Ben Khakshoor, representing RosewoodRG, facilitated the sale of this multifamily property. Henrik Berisha acquired the property from Ron Rettner for a total of $10,500,000. The transaction marks an important deal within the Bronx and East Harlem real estate market.

Players

Aaron Jungreis

Rosewood Realty Group

Broker

$4.4B

vol

207 deals

Broker

Ron Rettner

Seller

$61.2M

vol

6 deals

Seller

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

1.51%

Cash-on-Cash

-0.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93