Bora Lajqi Acquires Bronx Multifamily Property On Mayflower Avenue For $1.3M
SOLD
$1,300,000
New York
See Similar DealsMultiFamily6,585 SF
Sold 03/05/2021
SOLD
Bora Lajqi Acquires Bronx Multifamily Property On Mayflower Avenue For $1.3M
1524 Mayflower Avenue, The Bronx, NY, USA
See Similar DealsMultiFamily6,585 SF
Sold 03/05/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$197
Total Square Footage:6,585 SF
Transaction Type:Sale
Located at 1524-26 Mayflower Avenue in the Bronx, this multifamily property was recently sold for a total of $1,300,000. The property spans across 6,585 square feet and has a price per square foot of $197. The transaction took place on March 5, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Address: 1524-26 Mayflower Avenue
- Market: Bronx
- Zoning: R4A
The buyer of this property is Bora Lajqi, while the seller is Russell Fridman. The transaction was facilitated by brokers Michael Fioravanti and Jonathan Squires from CushWake.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,618.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,162.66
Annual Debt Service$73,951.96
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