Julio Malan Acquires 4-Unit Multifamily In Bronx For $1.4M
SOLD
$1,400,000
New York
See Similar DealsMultiFamily3,000 SF
Sold 03/01/2023
SOLD
Julio Malan Acquires 4-Unit Multifamily In Bronx For $1.4M
1252 Stratford Avenue
See Similar DealsMultiFamily3,000 SF
Sold 03/01/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$466
Total Square Footage:3,000 SF
Transaction Type:Sale
A multi-family property located at 1252 Stratford Avenue, Bronx, was recently sold. The property consists of 4 units with a total square footage of 3,000. The sale price for this transaction was $1,400,000, resulting in a price per unit of $350,000. The price per square foot was calculated to be $467.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $1,400,000
- Units: 4
- Price per Unit: $350,000
- Square Footage: 3,000
- Price per Square Foot: $467
- Market: Bronx
The buyer of the property was Julio Malan, while the seller was Kingsland Properties. The deal was facilitated by Sultan Rashid and Ali Rashid from Kingsland Properties acting as the brokers representing the buyer and seller, respectively.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$74,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57
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