Bronx Property Sold For $5.8 Million With Seller's Reps Jason Goldy And Daniel Mahfar
SOLD
New York
See Similar DealsMultiFamily
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 DealsMultiFamily
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:
- 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.
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Deal Type
30 years
10 years
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
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