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165 W 161st St, The Bronx, ...

Solomon Kafif Acquires MultiFamily In Highbridge, Bronx For $500K
SOLDMultiFamily

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

Diamonte Zarba

Woodlawn Property Group

Broker

$3.5M

vol

4 deals

Broker

Anthony Wong

Seller

$500K

vol

2 deals

Seller

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