Stuart Morgan Purchases Multifamily Property At 1562 Thieriot Ave Bronx For $10.55M
1562 Thieriot Ave & 1580 Thieriot Ave
$10,550,000
$48/SF
Building Size
220,000 SF
Asset Type
MultiFamily
Closing
Jun 9, 2014
AI
The asset involved in this transaction is a MultiFamily property located at 1562 Thieriot Ave in the Bronx. The property was sold for $10,550,000.00, with a total square footage of 110,000.0.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $10,550,000.00
- Address: 1562 Thieriot Ave
- Market: Bronx
- Square Footage: 110,000.0
- Broker: Michael Ferrara - Brax Realty
- Buyer: Stuart Morgan
This transaction features Michael Ferrara representing the buyer, Stuart Morgan, in the deal. The sale occurred on 06/09/2014, marking a significant addition to the Bronx's MultiFamily market.
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
1.50%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93