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215 Saint Ann's Avenue

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

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:

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 Fusco

Marcus & Millichap

Broker

$576.1M

vol

88 deals

Broker

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