Updated Dec 20, 2023
Nimesh Amin Acquires Bronx Multifamily For $1.45M From Seller Elliot Tabak
1348 Edwards Avenue, The Bronx, NY, USA
$1,450,000
$219/SF
Building Size
6,600 SF
Asset Type
MultiFamily
Closing
Dec 22, 2020
About this deal
AI
The property involved in this closed transaction is a multifamily asset located at 1348 Edwards Ave and 1346 Edwards Ave in the Bronx. The transaction took place on December 23, 2020.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,450,000
- Units: 6
- Price per Unit: $241,666
- Square Footage: 6,600
- Price per Square Foot: $219
- Market: Bronx
The buyer of this property was Nimesh Amin, while the seller was Elliot Tabak. Representing the buyer in this transaction was Skyler Gironda from Skyler Gironda Real Estate. On the seller's side, Richard Guarino from Richard Guarino and Friedman Roth acted as the representative.
Players
New York 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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93