Updated Dec 21, 2023
Landlord Bashkim Celaj Acquires Multi-family Property In Bronx, New York For $12.5M
181 W 238th St, The Bronx, NY 10463, USA
Building Size
59,057 SF
Asset Type
MultiFamily
Closing
Nov 16, 2017
About this deal
AI
The multi-family property located at 181-183 West 238th Street in New York's Bronx market has been sold in a closed transaction. The property spans a total of 59,057 square feet and is comprised of 65 units. The transaction was completed on November 17, 2017, with a sale price of $12,500,000.
Summary of transaction details
- Property Type: Multi-family
- Transaction Amount: $12,500,000
- Square Footage: 59,057 sf
- Units: 65
- Address: 181-183 West 238th Street, New York
- Market: Bronx
The sellers of the property were John Sheehan and Joan Mintz, while the buyer was landlord Bashkim Celaj.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93