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
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