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.
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