Yaakov Elnhorn Acquires Multifamily Property On Popham Avenue From Scott Morgan For $5M
SOLD
$5,000,000
New York
See Similar DealsMultiFamily66,945 SF
Sold 06/09/2021
SOLD
Yaakov Elnhorn Acquires Multifamily Property On Popham Avenue From Scott Morgan For $5M
1730 Popham Avenue, Bronx, NY, USA
See Similar DealsMultiFamily66,945 SF
Sold 06/09/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$74
Total Square Footage:66,945 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61
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