Updated Dec 20, 2023
Hysen Mehmetaj Acquires 75-Unit Multifamily Building In Tremont For $13.8M
1515 Grand Concourse, The Bronx, NY 10452, USA
$13,800,000
$18/SF
Building Size
736,920 SF
Asset Type
MultiFamily
Closing
Feb 5, 2020
About this deal
AI
The multifamily property located at 1515 Grand Concourse in Tremont has been sold for a price of $13,800,000. With a total size of 73,692 square feet, the property is valued at an average of $187 per square foot. The transaction involved a total of 75 units, giving an average price per unit of $183,440.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $13,800,000
- Square Feet: 73,692
- Price per Square Foot: $187
- Number of Units: 75
- Price per Unit: $183,440
The buyer of the property is Hysen Mehmetaj, while the seller is Morgan Group represented by Scott Morgan.
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
1.15%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93