Updated Dec 21, 2023
Peter Von Der Ahe, Seth Glasser, And Mike Fusco Acquire Multifamily Property In Crotona Park East For $2.6M
1390 Prospect Avenue, Bronx, NY 10459
$2,625,000
$180/SF
Building Size
14,560 SF
Asset Type
MultiFamily
Closing
Jul 12, 2020
About this deal
AI
The multifamily property located at 1390 Prospect Avenue in Crotona Park East has been sold for $2,625,000. The transaction took place on July 12, 2021. The property consists of 21 units with a total square footage of 14,560. The price per unit was $125,000, and the price per square foot was $180.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,625,000
- Units: 21
- Price per Unit: $125,000
- Square Footage: 14,560
- Price per Square Foot: $180
The brokers involved in this transaction were Peter Von Der Ahe, Seth Glasser, and Mike Fusco from New YorkMultifamily and MarcusMillichap_NY.
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
6.04%
Cash-on-Cash
-1.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93