Sal D'Avola Acquires Mount Eden Multifamily In Bronx For $5.5M
1410 Grand Concourse, Bronx, NY, USA
$5,455,901
$179/SF
Building Size
30,423 SF
Asset Type
MultiFamily
Closing
Jun 22, 2021
AI
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
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
2.91%
Cash-on-Cash
-0.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93