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Sal D'Avola Acquires Mount Eden Multifamily In Bronx For $5.5M

Property Image
SOLD
$5,455,901
JF
SD

New York

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MultiFamily30,423 SF
Sold 06/23/2021
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Property Image
SOLD

Sal D'Avola Acquires Mount Eden Multifamily In Bronx For $5.5M

1410 Grand Concourse, Bronx, NY, USA

See Similar Deals
MultiFamily30,423 SF
Sold 06/23/2021
JF
SD
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$179
Total Square Footage:30,423 SF
Transaction Type:Sale

1410 Grand Concourse in Mount Eden, Bronx has been sold in a recent multifamily property transaction. The property is zoned as R8, C and offers a total building square footage (BSF) of 51,158, with a price per square foot (PPSF) of $106. The total lot size is 8,498 square feet, with dimensions of 80 ft x 105 ft. The transaction took place on June 23, 2021, with Sal D'Avola as the buyer and Joseph Friedman as the seller. The sale price for this property was $5,455,901, and the price per square foot (PPSF) was $179. The transaction also involved a FAR (Floor Area Ratio) of 3.58 and a tax class of 2. An alteration permit of type 2 was issued on January 17, 1995.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $5,455,901
  • Market: Mount Eden, Bronx
  • Buyer: Sal D'Avola
  • Seller: Joseph Friedman

In this multifamily property transaction, Sal D'Avola represented the buyer's side. No additional information about the deal's key individuals and companies was provided.

Players

SD
Sal D'Avola
17 deals$181.6M volume
BUYER
JF
Joseph E. Friedman
17 deals$279.3M volume
SELLER

Details

SOLD
IMAGE: 06/23/2021 ADDRESS: 1410 Grand Concourse MARKET: Mount Eden,Bronx ASSET TYPE: Multifamily ~ ZONINg: R8, C BUYER: Sal D'Avola SELLER: Joseph Friedman PRICE: $5,455,901 BSF: 51,158 ~ PPBSF: $106 SF: 30,423 ~ PPSF: $179 FAR: 3.58 TAX CLASS: 2 LOT SIZE: 8,498 PERMITS: Alteration type 2 (01/17/1995) LOT DIMENSIONS: 80 ft x 105 ft

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

$290,981.39

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,383.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,863.75
Annual Debt Service$310,365.05