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Bronx Property Sold For $5.8 Million With Seller's Reps Jason Goldy And Daniel Mahfar

Property Image
SOLD
$5,800,000
Jason M. Gold
Oliver Elihu
+ 1

New York

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MultiFamily
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Property Image
SOLD

Bronx Property Sold For $5.8 Million With Seller's Reps Jason Goldy And Daniel Mahfar

1142 Bryant Ave, Bronx, NY, 10459

See Similar Deals
MultiFamily
Jason M. Gold
Oliver Elihu
+ 1
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Sale

The sale involves a 24-unit multifamily portfolio comprising three recently renovated buildings located at 1130-1134 and 1142 Bryant Ave, Bronx, NY 10459. The transaction amount is $5,800,000.00, and it does not specify square footage.

Summary of transaction details:

The deal was facilitated by Jason Gold, Shimon Shkury, Daniel Mahfar, and Oliver Elihu of Ariel Property Advisors. The buyer is identified as a private investor who has been active in the market for the past two years.

Players

Daniel Mahfar
42 deals$753M volume
BROKER

Jason M. Gold
Ariel Property Advisors
59 deals$1B volume
BROKER

Oliver Elihu
Ariel Property Advisors
2 deals$10.8M volume
BROKER

Jason Goldy
Meridian Capital Group
9 deals$215.7M volume(212) 612-0145
BROKER

Details

SOLD
IMAGE: 1142 Bryant Ave, Bronx, NY, 10459 MARKET: Bronx SELLER'S REP: Jason Goldy-Meridian Capital Group, Daniel Mahfar-Ariel Property Advisors, Jason M. Gold-Ariel Property Advisors BUYER: Unknown SELLER: PRICE: $5,800,000.00 SF: 0

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$309,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,606.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,494.96
Annual Debt Service$329,939.51