Mohammed Hossain Acquires Multifamily Property In Country Club, Bronx For $680,000
1549 Research Ave, East Bronx, Bronx, NY, USA
$680,000
$320/SF
Building Size
2,124 SF
Asset Type
MultiFamily
Closing
Feb 23, 2021
AI
A multifamily property located at 1549 Research Ave. in the Country Club neighborhood of Bronx has been sold. The property, consisting of 2,124 square feet, was purchased by Mohammed Hossain from the seller, The McDonagh Family Revocable Living Trust. The transaction took place on February 24, 2021. The property was listed with an asking price of $725,000 and was sold for $680,000, resulting in a price per square foot of $320.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $680,000
- Address: 1549 Research Ave., Country Club, Bronx
- Market: Country Club, Bronx
- Buyer: Mohammed Hossain
- Seller: The McDonagh Family Revocable Living Trust
- Brokers: Doron Berenholtz - Stephanie Ohayon
- Square Footage: 2,124
- Price per Square Foot: $320
The buyer, Mohammed Hossain, successfully completed the purchase of this multifamily property from The McDonagh Family Revocable Living Trust. The transaction was facilitated by brokers Doron Berenholtz and Stephanie Ohayon. If you are considering buying or selling a property in NYC, you can contact Doron at 718-344-2668.
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
23.33%
Cash-on-Cash
-6.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93