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1410 Grand Concourse, Bronx...

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

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

Sal D'Avola

Buyer

$181.6M

vol

17 deals

Buyer

Joseph E. Friedman

Topaz Capital Group

Seller

$279.3M

vol

17 deals

Seller

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