Henrik Berisha Acquires Multifamily Properties In Bronx & East Harlem From Ron Rettner For $10.5M
SOLD
$10,500,000
New York
See Similar DealsMultiFamily65,405 SF
Sold 06/29/2020
SOLD
Henrik Berisha Acquires Multifamily Properties In Bronx & East Harlem From Ron Rettner For $10.5M
1098 Croes Avenue, Bronx, NY, USA
See Similar DealsMultiFamily65,405 SF
Sold 06/29/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$160
Total Square Footage:65,405 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$559,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$37,304.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,775.36
Annual Debt Service$597,304.28
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