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

Property Image
SOLD
$13,300,000

New York

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MultiFamily126,054 SF
Sold 04/29/2025
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SOLD

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

1266 Olmstead Avenue

See Similar Deals
MultiFamily126,054 SF
Sold 04/29/2025
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$105
Total Square Footage:126,054 SF
Transaction Type:Sale

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

6 deals$44M volume
SELLER

Details

SOLD
IMAGE: 04/29/2025 ADDRESS: 1266 Olmstead Avenue MARKET: Unionport, Bronx ASSET TYPE: Multifamily BUYER: Eduart Shllaku SELLER: Mark Scharfman - Scharfman Organization SALE PRICE: $13,300,000 UNITS: 122 ~ PPU: $109,016 SF: 126,054 ~ PPSF: $106 NOTE: Eduart Shllaku acquired a 122-unit residential elevator building at 1266 Olmstead Avenue in Unionport, Bronx from the Scharfman Organization for $13.3 million.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$709,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$47,252.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$63,048.79
Annual Debt Service$756,585.42