Solomon Kafif Acquires MultiFamily In Highbridge, Bronx For $500K
165 W 161st St, The Bronx, NY 10452, USA
$500,000
$12/SF
Building Size
39,000 SF
Asset Type
MultiFamily
Closing
Jun 23, 2020
AI
The multi-family property located at 165 West 161st Street in Highbridge, Bronx has been sold for a price of $500,000. The property spans over an area of 3,900 square feet, resulting in a price per square foot of $128. The asset consists of 4 units, with a price per unit of $125,000.
Summary of Transaction Details
- Property Type: MultiFamily
- Transaction Amount: $500,000
- Square Footage: 3,900
- Price per Square Foot: $128
- Number of Units: 4
- Price per Unit: $125,000
The buyer of the property is Solomon Kafif, while Anthony Wong acted as the seller. Representing the buyer in this transaction is Diamonte Zarba from Woodlawn Property Group.
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
31.73%
Cash-on-Cash
-9.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93