Updated Oct 28, 2024
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
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
20.47%
Cash-on-Cash
-5.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93