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1730 Popham Avenue, Bronx, ...

Yaakov Elnhorn Acquires Multifamily Property On Popham Avenue From Scott Morgan For $5M
SOLDMultiFamily

Yaakov Elnhorn Acquires Multifamily Property On Popham Avenue From Scott Morgan For $5M

1730 Popham Avenue, Bronx, NY, USA

$5,000,000

$74/SF

Building Size

66,945 SF

Asset Type

MultiFamily

Closing

Jun 8, 2021

AI

The multifamily property located at 1730 Popham Avenue and 1710 Popham Avenue in the Morris Heights neighborhood of Bronx has been sold for a price of $5,000,000. The property consists of a total building square footage (BSF) of 17,750, with a price per BSF (PPBSF) of $281. The total lot size is 6,700 square feet, with dimensions of 81 feet by 100 feet. The property's floor area ratio (FAR) is 5.10, and it falls under tax class 2. The previous sale of the property took place on May 1, 2013, with a sales price of $5,900,000. Additionally, an alteration permit of type 3 was issued on May 31, 2006.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $5,000,000
  • Market: Morris Heights, Bronx
  • Zoning: R5

Yaakov Elnhorn acted as the buyer in this transaction, while Scott Morgan served as the seller. The deal was facilitated by Scott Morgan's representative from their agency. However, no additional information is available regarding the representatives' names or agencies involved in the transaction.

Players

Scott Morgan

Morgan Group

Broker

$58.8M

vol

7 deals

Broker
Scott Morgan

Scott Morgan

Seller

$58.8M

vol

7 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

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93