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Aaron & Steven Maleh Purchase Multifamily Property From Eduardo Cirillo For $1.2 Million In Bronx

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SOLD
$1,200,000

New York

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MultiFamily12,540 SF
Sold 08/02/2024
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Property Image
SOLD

Aaron & Steven Maleh Purchase Multifamily Property From Eduardo Cirillo For $1.2 Million In Bronx

215 Saint Ann's Avenue

See Similar Deals
MultiFamily12,540 SF
Sold 08/02/2024
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$95
Total Square Footage:12,540 SF
Transaction Type:Sale

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:

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

Michael (Mike) Fusco
88 deals$576.1M volume(973) 865-6303
BROKER

Seth Glasser
Marcus & Millichap
125 deals$1.1B volume
BROKER

Benny Katz
Marcus & Millichap
34 deals$232.9M volume
BROKER

Details

SOLD
IMAGE: Michael Fusco, Seth Glasser, Steven Maleh & Benny Katz DATE: 08/01/2024 ADDRESS: 215 Saint Ann's Avenue MARKET: Bronx ASSET TYPE: Multifamily BUYER: Aaron & Steven Maleh SELLER: Eduardo Cirillo BROKERS: Seth Glasser (@SethGlasser1), Michael Fusco (@Mike_Fusco_NYM) & Benny Katz (@Bbbennis_2k) - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $1,200,000 UNITS: 9 ~ PPU: $133,333 SF: 12,540 ~ PPSF: $95

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
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