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1266 Olmstead Avenue

Eduart Shllaku Acquires 122-Unit Multifamily Building In Unionport Bronx For $13.3M
SOLDMultiFamily

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

Mark Scharfman

Seller

$44M

vol

6 deals

Seller

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