Atlas Realty Group Partners LLC Sells Multifamily Property In Belmont For $4.15M
2144 Prospect Avenue, The Bronx, New York 10457, United States
$4,150,000
$158/SF
Building Size
26,217 SF
Asset Type
MultiFamily
Closing
May 24, 2022
AI
The property involved in the transaction is a multifamily asset located at 2144 Prospect Ave. in the Belmont market. The sale price for this property was $4,150,000. The asset consists of 31 units, with a price per unit of $133,870. It encompasses a total square footage of 26,260, resulting in a price per square foot of $158.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,150,000
- Address: 2144 Prospect Ave.
- Market: Belmont
- Units: 31
- Price per Unit: $133,870
- Square Footage: 26,260
- Price per Square Foot: $158
- Seller: Javier Del Hoyo
- Brokers: Yosef Katz, Erik Yankelovich, Shlomo Antebi, Sam Schwartz, Bobby Hedaya & Natan Safdieh - Atlas Realty Group Partners LLC
The deal was executed with the involvement of several brokers representing the seller, including Yosef Katz, Erik Yankelovich, Shlomo Antebi, Sam Schwartz, Bobby Hedaya, and Natan Safdieh from Atlas Realty Group Partners LLC. Their collective expertise and representation were pivotal in facilitating this transaction.
Players
New York 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
3.82%
Cash-on-Cash
-1.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93