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

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SOLD
$1,000,000

New York

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MultiFamily2,500 SF
Sold 08/01/2024
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SOLD

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

2098 Creston Avenue

See Similar Deals
MultiFamily2,500 SF
Sold 08/01/2024
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$400
Total Square Footage:2,500 SF
Transaction Type:Sale

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
13 deals$35.1M volume(516) 650-8549
BROKER

Daniel (Dan Mahg) Mahgerefteh
Oxford Property Group
3 deals$4.6M volume
BROKER

Details

SOLD
IMAGE: Daniel Mahgerefteh & Nathaniel Smith DATE: 08/01/2024 ADDRESS: 2098 Creston Avenue MARKET: Bronx ASSET TYPE: Multifamily SELLER: James Notice BROKERS: Daniel Mahgerefteh (@DanMahgg) & Nathaniel Smith - Oxford Property Group (@TeamCRENY) (@OxfordSpireGroup) SALE PRICE: $1,000,000 UNITS: 2 ~ PPU: $500,000 SF: 2,500 ~ PPSF: $400

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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