Djavid Rraci Acquires Bronx Multifamily From Traficante Family
SOLD
$1,740,000
New York
See Similar DealsMultiFamily6,700 SF
Sold 11/30/2020
SOLD
Djavid Rraci Acquires Bronx Multifamily From Traficante Family
1955 Lurting Ave, The Bronx, NY 10461, USA
See Similar DealsMultiFamily6,700 SF
Sold 11/30/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$259
Total Square Footage:6,700 SF
Transaction Type:Sale
The multifamily property located at 1955-57 Lurting Avenue in the Bronx has been sold in a closed transaction. The property spans 6,700 square feet and was sold for a price of $1,740,000, resulting in a price per square foot of $259.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $1,740,000
- Square Footage: 6,700
- Price per Square Foot: $259
- Address: 1955-57 Lurting Avenue
- Market: Bronx
The buyer of the property is Djavid Rraci, while the seller is the Traficante Family. The transaction was facilitated by brokers Robert Shapiro, Michael Fioravanti, and Jonathan Squires from Cushman & Wakefield under the team name TeamShapiro_InvestmentSales. They represented both parties in the deal.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$92,800.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,181.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,248.49
Annual Debt Service$98,981.85
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