Alivia Islam Acquires Multifamily Property In Morris Park, Bronx For $575,000
SOLD
$575,000
New York
See Similar DealsMultiFamily1,675 SF
Sold 07/01/2020
SOLD
Alivia Islam Acquires Multifamily Property In Morris Park, Bronx For $575,000
1924 Hunt Avenue, Bronx, NY 10462
See Similar DealsMultiFamily1,675 SF
Sold 07/01/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$343
Total Square Footage:1,675 SF
Transaction Type:Sale
A multifamily property located at 1924 Hunt Avenue in Morris Park, Bronx, was recently sold in a closed transaction. The property consists of 1,675 square feet, with a sale price of $575,000. The transaction took place on July 1, 2021, and the property was sold by Triston Francis to Alivia Islam. The market value of the property is $343 per square foot.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $575,000
- Date: 07/01/2021
- Address: 1924 Hunt Avenue
- Market: Morris Park, Bronx
The deal was facilitated by Joshua Brown from Pushing Forward Realty, representing both the buyer, Alivia Islam, and the seller, Triston Francis.
Players
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$30,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,042.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$2,725.79
Annual Debt Service$32,709.52
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