Atlas Realty Group And Venture Capital Properties Sell Multifamily Property At 1210 Stratford Avenue In New York City For $5.15M
SOLD
$5,150,000
+ 2
New York
See Similar DealsMultiFamily52,536 SF
Sold 07/14/2023
SOLD
Atlas Realty Group And Venture Capital Properties Sell Multifamily Property At 1210 Stratford Avenue In New York City For $5.15M
1210 Stratford Ave Bronx, NY 10472, USA
See Similar DealsMultiFamily52,536 SF
Sold 07/14/2023
+ 2
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$98
Total Square Footage:52,536 SF
Transaction Type:Sale
A multifamily property located at 1210 Stratford Avenue in New York City has been sold for a price of $5,150,000. The property consists of 53 units, with an average price per unit of $97,170. The total square footage of the property is 52,536, resulting in a price per square foot of $98.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,150,000
- Address: 1210 Stratford Avenue, New York City
- Market: New York City
- Seller: Lazer Kviat
- Brokers: Yosef Katz, Shlomo Antebi, Erik Yankelovich, Nate Pilchik - Atlas Realty Group; Roy Oskar - Venture Capital Properties
The sale of this multifamily property was facilitated by a team of brokers, including Yosef Katz, Shlomo Antebi, Erik Yankelovich, Nate Pilchik from Atlas Realty Group, and Roy Oskar from Venture Capital Properties. These professionals played a crucial role in successfully completing the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$274,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,296.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,413.63
Annual Debt Service$292,963.53
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