Atlas Realty Group Acquires Mixed-Use Property In Van Nest, Bronx For $6.2M
SOLD
New York
See Similar DealsMultiFamily49,260 SF
Sold 09/06/2023
SOLD
Atlas Realty Group Acquires Mixed-Use Property In Van Nest, Bronx For $6.2M
2009 Cruger Avenue
See Similar DealsMultiFamily49,260 SF
Sold 09/06/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$125
Total Square Footage:49,260 SF
Transaction Type:Sale
The mixed-use property located at 2009 Cruger Avenue in Van Nest, Bronx has been sold for a total price of $6,200,000. The property spans a total area of 49,620 square feet, resulting in a price per square foot of $125. The transaction took place on 09/06/2023.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $6,200,000
- Address: 2009 Cruger Avenue
- Market: Van Nest, Bronx
The deal was facilitated by Erik Yankelovich, Shlomo Antebi, Yosef Katz, and Natan Safdieh from Atlas Realty Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$330,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,027.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,391.16
Annual Debt Service$352,693.96
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