Andrew Lichtenstein Inc. Represents Sale Of Multifamily Property In East Tremont For $12.9M
SOLD
$12,925,000
New York
See Similar DealsMultiFamily36,700 SF
Sold 05/13/2022
SOLD
Andrew Lichtenstein Inc. Represents Sale Of Multifamily Property In East Tremont For $12.9M
2001 Arthur Avenue, The Bronx, New York 10457, United States
See Similar DealsMultiFamily36,700 SF
Sold 05/13/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$352
Total Square Footage:36,700 SF
Transaction Type:Sale
The multifamily property located at 2001 Arthur Ave. in East Tremont has been sold for a total price of $12,925,000. This property consists of 46 units, with an average price per unit of $280,978. The total square footage of the property is 36,700, resulting in a price per square foot of $352.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $12,925,000
- Units: 46
- Average Price Per Unit: $280,978
- Square Footage: 36,700
- Price Per Square Foot: $352
- Market: East Tremont
The sale was facilitated by Andrew Lichtenstein from Andrew Lichtenstein Inc. as the broker representing the parties involved in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$689,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$45,919.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$61,271.09
Annual Debt Service$735,253.13
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