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Zee Bala Acquires 21-Unit Multifamily Building In Pelham Bay Bronx For $3.4 Million
SOLD
$3,400,000
New York
See Similar DealsMultiFamily17,666 SF
Sold 12/13/2024
SOLD
Zee Bala Acquires 21-Unit Multifamily Building In Pelham Bay Bronx For $3.4 Million
1601 Plymouth Avenue
See Similar DealsMultiFamily17,666 SF
Sold 12/13/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$192
Total Square Footage:17,666 SF
Transaction Type:Sale
A 21-unit multifamily residential building located at 1601 Plymouth Avenue in Pelham Bay, Bronx, was sold for $3.4 million. The property spans 17,666 square feet, resulting in a price per unit of $161,905 and a price per square foot of $192.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,400,000
- Units: 21
- Square Footage: 17,666
- Price Per Unit: $161,905
- Price Per Square Foot: $192
- Buyer: Zee Bala
- Seller: Santina Mondelli
Zee Bala’s 1601 Plymouth LLC facilitated the acquisition of the property from Santina Mondelli, marking a significant transaction in the Bronx market.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$181,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,079.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,117.73
Annual Debt Service$193,412.82
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