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1727 Van Buren Street, The ...

Updated Oct 28, 2024

We.Build.This Acquires Multifamily Property In Bronx For $775,000
SOLDMultiFamily

We.Build.This Acquires Multifamily Property In Bronx For $775,000

1727 Van Buren Street, The Bronx, New York 10460, United States

$775,000

$258/SF

Building Size

3,000 SF

Asset Type

MultiFamily

Closing

Jan 30, 2022

About this deal

AI

Located at 1727 Van Buren Street in the Bronx, this multifamily property was recently sold in a closed transaction. The property consists of 3 units and spans a total of 3,000 square feet. The sale price for this asset was $775,000, translating to a price per unit of $258,333 and a price per square foot of $258.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $775,000
  • Units: 3
  • Price per Unit: $258,333
  • Square Footage: 3,000
  • Price per Square Foot: $258

The buyer in this transaction was We.Build.This, represented by Naomi Wasserman & Michal Hod Kohav. They expressed their active interest in multifamily opportunities with 3 units or more and vacant land in the Bronx. Interested parties were instructed to reach out directly to We.Build.This at [email protected]. The seller of the property was Monica Doyley. The transaction was facilitated by J. Manning from the buyer's side. Stepping Stone Capital provided financing for the deal, with Russell Feder playing a key role in securing the financing quickly.

Players

Naomi Wasserman

We.Build.This

Buyer

$910K

vol

2 deals

Buyer
Stepping Stone Capital Partners
Stepping Stone Capital PartnersLender

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $258 per square foot on a published $775K for 3,000 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

20.47%

Cash-on-Cash

-5.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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