Denali Management Acquires Multi-Family Buildings In Tremont For $6.6M
1809 Marmion Ave.Tremont, Bronx , NY 10460, USA & 1801 Marmion Avenue,.Tremont, Bronx , NY 10460, USA
$6,600,000
$66/SF
Building Size
50,000 SF
Asset Type
MultiFamily
Closing
May 18, 2022
AI
The multifamily property located at 1801 & 1809 Marmion Ave in Tremont was recently sold in a closed transaction. The property consists of two buildings, one elevator building, and one walkup building.
Summary of transaction details
- Property Type: Multifamily (2 Building Package of an Elevator & Walkup)
- Transaction Amount: $6,600,000
- Address: 1801 & 1809 Marmion Ave.
- Market: Tremont
The buyer of the property is Denali Management, while the seller is Sharp Management. The sale price for the property was $6,600,000, with a total of 57 units. The price per unit is $115,789. The property has a total square footage of 50,000, resulting in a price per square foot of $132.
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
2.40%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93