Daniel Mahgerefteh & Nathaniel Smith Brokered a Multifamily Property At 2098 Creston Avenue Bronx For $1M
2098 Creston Avenue
$1,000,000
$400/SF
Building Size
2,500 SF
Asset Type
MultiFamily
Closing
Aug 1, 2024
AI
The asset involved in the transaction is a multifamily property located at 2098 Creston Avenue in the Bronx. It consists of 2 units with a total square footage of 2,500. The sale price for this asset was $1,000,000, which translates to a price per unit of $500,000 and a price per square foot of $400.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Address: 2098 Creston Avenue
- Market: Bronx
- Units: 2
- Square Footage: 2,500
- Price Per Unit: $500,000
- Price Per Square Foot: $400
- Seller: James Notice
- Broker Representatives: Daniel Mahgerefteh & Nathaniel Smith - Oxford Property Group
The transaction featured key representatives from Oxford Property Group, with Daniel Mahgerefteh and Nathaniel Smith acting as the brokers that facilitated the sale. Their involvement was crucial in executing the deal involving the multifamily asset in the Bronx.
Players
Bronx MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93