Heritage Affordable Communities Acquires Multifamily Property In Bronx For $10.8M
SOLD
$10,800,000
New York
See Similar DealsMultiFamily83,838 SF
Sold 01/11/2021
SOLD
Heritage Affordable Communities Acquires Multifamily Property In Bronx For $10.8M
1971 Webster Ave, Bronx, NY, USA
See Similar DealsMultiFamily83,838 SF
Sold 01/11/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$128
Total Square Footage:83,838 SF
Transaction Type:Sale
The Multifamily (Affordable Housing) property located at 1971 Webster Ave in Bronx, has been sold. The property was sold by MacQuesten Development to Heritage Affordable Communities. The sale took place on 01/11/2021 for a total price of $10,800,000.
Summary of transation details
- Property Type: Multifamily (Affordable Housing)
- Transaction Amount: $10,800,000
- Address: 1971 Webster Ave
- Market: Bronx
The property spans across 83,838 square feet, with a price per square foot of $128. It consists of 70 units, with an average price per unit of $154,285. The buyer in this transaction was Heritage Affordable Communities, while the seller was MacQuesten Development.
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
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)
$576,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$38,370.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$51,197.51
Annual Debt Service$614,370.12
Is there something missing? Send suggestions