Eduart Shllaku Acquires 122-Unit Multifamily Building In Unionport Bronx For $13.3M
1266 Olmstead Avenue
$13,300,000
$105/SF
Building Size
126,054 SF
Asset Type
MultiFamily
Closing
Apr 29, 2025
AI
Eduart Shllaku acquired a multifamily residential elevator building located at 1266 Olmstead Avenue in Unionport, Bronx. The property consists of 122 units and has a total square footage of 126,054. The transaction was completed for a total price of $13,300,000, reflecting a price per unit of $109,016 and a price per square foot of $106.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $13,300,000
- Address: 1266 Olmstead Avenue
- Market: Unionport, Bronx
- Units: 122
- Square Footage: 126,054
- Price Per Unit: $109,016
- Price Per Square Foot: $106
- Buyer: Eduart Shllaku
- Seller: Mark Scharfman - Scharfman Organization
This transaction highlights the roles of key figures in the property transfer, with Eduart Shllaku as the buyer and Mark Scharfman, representing the Scharfman Organization, as the seller.
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
1.19%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93