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2098 Creston Avenue

Daniel Mahgerefteh & Nathaniel Smith Brokered a Multifamily Property At 2098 Creston Avenue Bronx For $1M
SOLDMultiFamily

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

Nathaniel Smith

FIND Real Estate

Broker

$35.1M

vol

13 deals

Broker

Bronx MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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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