Updated Dec 21, 2023
Joseph Makaj & Tomas Makaj Acquire Bronx Multifamily From Steiner Family For $1M
1713 Zerega Avenue, The Bronx, New York 10462, United States
$1,000,000
$177/SF
Building Size
5,625 SF
Asset Type
MultiFamily
Closing
Apr 11, 2022
About this deal
AI
Located at 1713 Zerega Ave in the Bronx, this multifamily property recently changed hands in a sale transaction. The property consists of 7 units and spans 5,625 square feet. The sale price for this transaction was $1,000,000, resulting in a price per square foot of $177. The buyer of the property was Joseph Makaj & Tomas Makaj, while the seller was the Steiner Family.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Address: 1713 Zerega Ave, Bronx
- Market: Bronx
- Square Footage: 5,625
- Price per Square Foot: $177
- Units: 7
- Buyer: Joseph Makaj & Tomas Makaj
- Seller: Steiner Family
Notable individuals involved in this transaction include Joseph Makaj & Tomas Makaj, who acted as the buyers, and the Steiner Family, who were the sellers. The deal showcases the active real estate market in the Bronx.
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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93