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2144 Prospect Avenue, The B...

Atlas Realty Group Partners LLC Sells Multifamily Property In Belmont For $4.15M
SOLDMultiFamily

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:

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

Natan Safdieh

Atlas Realty Group

Broker

$113.5M

vol

22 deals

Broker

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