Zeqe Mehmetaj Acquires Morris Heights, Norwood, Mount Eden Multifamily For $30M
SOLD
$30,000,000
New York
See Similar DealsMultiFamily187,706 SF
Sold 02/06/2020
SOLD
Zeqe Mehmetaj Acquires Morris Heights, Norwood, Mount Eden Multifamily For $30M
1860 Billingsley Terrace, The Bronx, NY 10453, USA
See Similar DealsMultiFamily187,706 SF
Sold 02/06/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$159
Total Square Footage:187,706 SF
Transaction Type:Sale
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.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,600,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$106,583.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$142,215.31
Annual Debt Service$1,706,583.66
Is there something missing? Send suggestions