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1142 Bryant Ave, Bronx, NY,...

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

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

1142 Bryant Ave, Bronx, NY, 10459

$5,800,000

Building Size

Asset Type

MultiFamily

Closing

Nov 19, 2023

AI

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

Ariel Property Advisors

Broker

$753M

vol

42 deals

Broker

Bronx 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

2.73%

Cash-on-Cash

-0.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93