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1524 Mayflower Avenue, The ...

Bora Lajqi Acquires Bronx Multifamily Property On Mayflower Avenue For $1.3M
SOLDMultiFamily

Bora Lajqi Acquires Bronx Multifamily Property On Mayflower Avenue For $1.3M

1524 Mayflower Avenue, The Bronx, NY, USA

$1,300,000

$197/SF

Building Size

6,585 SF

Asset Type

MultiFamily

Closing

Mar 4, 2021

AI

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.

Players

Michael Fioravanti

H2C Securities

Broker

$82.8M

vol

15 deals

Broker

Russell Fridman

Seller

$24.8M

vol

6 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

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93