Updated Dec 21, 2023
Zeqe Mehmetaj Acquires Morris Heights, Norwood, Mount Eden Multifamily For $30M
1860 Billingsley Terrace, The Bronx, NY 10453, USA
$30,000,000
$159/SF
Building Size
187,706 SF
Asset Type
MultiFamily
Closing
Feb 5, 2020
About this deal
AI
The multifamily property located at 1860 Billingsley Terrace, 3530 Dekalb Ave, and 1515 Grand Concourse in Morris Heights, Norwood, and Mount Eden – Bronx was recently sold for a total price of $30,000,000. The property offers a total square footage of 187,706, resulting in a price per square foot of $159.82.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $30,000,000
- Market: Morris Heights, Norwood, Mount Eden – Bronx
- Address: 1860 Billingsley Terrace, 3530 Dekalb Ave, 1515 Grand Concourse
- Square Footage: 187,706
- Price Per Square Foot: $159.82
The seller of the property was Stuart Morgan, and the buyer was Zeqe Mehmetaj. Guiseppe Inglese from @FriedmanRoth represented the buyer, while Nadeem Haque from @FriedmanRoth represented the seller in this transaction.
On the Map
$30,000,000
$159/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93