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1240 Leland Avenue

Updated Dec 4, 2024

Julio Garcia Purchases Multifamily Property From Ganesh Budraj In Bronx For $1.28M
SOLDMultiFamily

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

Christopher Amir Baksh

Your Home Sold Guaranteed Realty

Broker

$3M

vol

3 deals

Broker

Bronx MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $166 per square foot on a published $1.3M for 7,713 square feet (2024).

Visit Christopher Amir Baksh to view all their deals.

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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

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