Updated Dec 4, 2024
Julio Garcia Purchases Multifamily Property From Ganesh Budraj In Bronx For $1.28M
1240 Leland Avenue
$1,280,000
$166/SF
Building Size
7,713 SF
Asset Type
MultiFamily
Closing
Oct 17, 2024
About this deal
AI
The property is a multifamily asset located at 1240 Leland Avenue in the Bronx. The sale occurred at a price of $1,280,000, comprising 3 units. The total square footage of the property is 7,713, which results in a price per square foot of $165, and a price per unit of $426,666.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,280,000
- Address: 1240 Leland Avenue
- Market: Bronx
- Units: 3
- Square Footage: 7,713
- Price per Unit: $426,666
- Price per Square Foot: $165
- Buyer: Julio Garcia
- Seller: Ganesh Budraj
- Brokers: Christopher Amir Baksh (Amirbaksh95) & Jilliana Pichardo - Your Home Sold Guaranteed Realty
The transaction was facilitated by brokers Christopher Amir Baksh and Jilliana Pichardo, representing the seller, Ganesh Budraj, in the deal. Buyer Julio Garcia engaged in the transaction purchasing the multifamily property.
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
12.39%
Cash-on-Cash
-3.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93