Updated Sep 9, 2024
Nimon Brucaj Acquires Multifamily Property In Pelham Bay For $1.37M
1254 Bradford Avenue, The Bronx, New York 10461, United States
$1,370,000
$285/SF
Building Size
4,800 SF
Asset Type
MultiFamily
Closing
Dec 22, 2021
About this deal
AI
A multifamily property located at 1254 Bradford Avenue in Pelham Bay was recently sold in a closed transaction. The property spans 4,800 square feet and consists of 7 units. The sale price for this transaction was $1,370,000, resulting in a price per unit of $195,714 and a price per square foot of $285.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,370,000
- Address: 1254 Bradford Avenue
- Market: Pelham Bay
Nimon Brucaj purchased the property, while John Boiardi acted as the seller. The transaction was facilitated by Matthew Barbaccia from Brix Real Estate Advisors.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.58%
Cash-on-Cash
-3.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93