Aaron & Steven Maleh Purchase Multifamily Property From Eduardo Cirillo For $1.2 Million In Bronx
215 Saint Ann's Avenue
$1,200,000
$95/SF
Building Size
12,540 SF
Asset Type
MultiFamily
Closing
Aug 2, 2024
AI
The property involved in this transaction is a multifamily asset located at 215 Saint Ann's Avenue in the Bronx. It consists of 9 units with a total square footage of 12,540. The transaction was completed for a total price of $1,200,000, resulting in a price per unit of $133,333 and a price per square foot of $95.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Units: 9
- Square Footage: 12,540
- Price Per Unit: $133,333
- Price Per Square Foot: $95
- Buyer: Aaron & Steven Maleh
- Seller: Eduardo Cirillo
- Broker Representatives: Seth Glasser, Michael Fusco & Benny Katz - Marcus & Millichap
This transaction involved Aaron and Steven Maleh as the buyers, while Eduardo Cirillo was the seller. The brokers representing the transaction were Seth Glasser, Michael Fusco, and Benny Katz from Marcus & Millichap.
Players
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93