Updated Oct 29, 2024
Mendel Kaff Acquires Multifamily Property In Soundview For $4.7M
1466 Watson Avenue, East Bronx, The Bronx, NY, USA
$4,700,000
$89/SF
Building Size
52,800 SF
Asset Type
MultiFamily
Closing
Dec 15, 2020
About this deal
AI
The multifamily property located at 1466-1472 Watson Ave. in Soundview was recently sold for $4,700,000. The property spans a total of 52,800 square feet, resulting in a price per square foot of $89. The sale was completed on December 16, 2020, and the buyer was Mendel Kaff. The seller in this transaction was Related Companies.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,700,000
- Address: 1466-1472 Watson Ave.
- Market: Soundview
- Asset Type: Multifamily
- Zoning: R6
Seth Blau, Stephen Ross, and Jeff Blau were the individuals associated with the property transaction, as depicted in the accompanying image. They represent the seller, Related Companies, in the deal.
On the Map
$4,700,000
$89/SF
MultiFamily
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Players
Bronx 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
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93