Updated Sep 9, 2024
Meridian Investment Sales Acquires Multifamily Property In Mount Hope For $7.45M
1815 Monroe Avenue, Bronx, NY, USA
$7,450,000
$112/SF
Building Size
66,300 SF
Asset Type
MultiFamily
Closing
Nov 17, 2021
About this deal
AI
An apartment complex located at 1815 Monroe Avenue in Mount Hope has been sold for $7,450,000. The multifamily property consists of 67 units with a total square footage of 66,300. The transaction took place on November 17, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,450,000
- Units: 67
- Square Footage: 66,300
- Address: 1815 Monroe Avenue
- Market: Mount Hope
The sale of this apartment complex was brokered by Amit Doshi and Shallini Mehra from Meridian Investment Sales, along with Samuel Salamon. They represented the parties involved in the transaction. No additional information about the deal is available at this time.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Amit Doshi to view all their deals.
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.13%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93