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:
- Property Type: Multifamily Portfolio
- Transaction Amount: $5,800,000.00
- Address: 1142 Bryant Ave, Bronx, NY, 10459
- Market: Bronx
- Seller: Jerome Avenue Associates
- Buyer: Unknown
- Seller's Representatives: Jason Goldy-Meridian Capital Group, Daniel Mahfar-Ariel Property Advisors, Jason M. Gold-Ariel Property Advisors
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
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