Moshe Schreiber Purchases 1356 Clay Avenue Multifamily In Bronx For $1.1 Million
SOLD
$1,100,000
New York
See Similar DealsMultiFamily3,490 SF
Sold 07/25/2025
SOLD
Moshe Schreiber Purchases 1356 Clay Avenue Multifamily In Bronx For $1.1 Million
1356 Clay Avenue
See Similar DealsMultiFamily3,490 SF
Sold 07/25/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$315
Total Square Footage:3,490 SF
Transaction Type:Sale
The property asset involved in the transaction is a MultiFamily building located at 1356 Clay Avenue in the Mount Eden neighborhood of Bronx. The sale price for the property was $1,100,000. The building consists of 3 units, with a price per unit of $366,666. The total square footage of the property is 3,490, resulting in a price per square foot of $315.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,100,000
- Units: 3
- PPU: $366,666
- SF: 3,490
- PPSF: $315
- Buyer: Moshe Schreiber
- Seller: Jacqueline Crawford & Carlos Crawford
- Brokers: Derek Bestreich, Steve Reynolds, Brian Davila, John Loch & Victor Price - Investment Property Realty Group (IPRG)
The transaction was carried out by several brokers from Investment Property Realty Group. The deal concluded with the property being delivered vacant, and the buyer has plans to convert the existing space into 10 apartments.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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