The Cohen Family Acquires Bronx Multifamily For $8.05M
SOLD
$8,050,000
+ 3
New York
See Similar DealsMultiFamily64,614 SF
Sold 06/10/2020
SOLD
The Cohen Family Acquires Bronx Multifamily For $8.05M
1860 Billingsley Terrace, Bronx, NY 10453
See Similar DealsMultiFamily64,614 SF
Sold 06/10/2020
+ 3
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$124
Total Square Footage:64,614 SF
Transaction Type:Sale
The multifamily property located at 1860 Billingsley Terrace in Bronx has been sold in a recent transaction. The property consists of 59 units and was sold for a total price of $8,050,000, resulting in a per unit price of $136,440. The sale took place on June 10, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,050,000
- Address: 1860 Billingsley Terrace, Bronx
- Market: Bronx
- Buyer: The Cohen Family
- Seller: The Mehmetaj Family
- Brokers: Shlomo Antebi, Yosef Katz, Erik Yankelovich, and Natan Safdieh from ARG_NYC
The transaction was facilitated by the brokers Shlomo Antebi, Yosef Katz, Erik Yankelovich, and Natan Safdieh from ARG_NYC. They represented the buyers and sellers in the deal, ensuring a smooth and successful transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$429,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,599.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,161.11
Annual Debt Service$457,933.28
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