Sunrise Equities Purchases Multifamily Property From Robert Colon In Bronx For $950,000
SOLD
$950,000
New York
See Similar DealsMultiFamily2,850 SF
Sold 07/01/2025
SOLD
Sunrise Equities Purchases Multifamily Property From Robert Colon In Bronx For $950,000
2153 Belmont Avenue
See Similar DealsMultiFamily2,850 SF
Sold 07/01/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$333
Total Square Footage:2,850 SF
Transaction Type:Sale
The multifamily asset located at 2153 Belmont Avenue in the Bronx has been sold for $950,000. This property consists of 3 units and encompasses a total square footage of 2,850. The price per unit amounts to $316,666, while the price per square foot stands at $333.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $950,000
- Units: 3
- Square Footage: 2,850
- Price Per Unit: $316,666
- Price Per Square Foot: $333
- Buyer: Sunrise Equities
- Seller: Robert Colon
The buyer, Sunrise Equities, is actively pursuing opportunities to acquire value-add multifamily, mixed-use, and vacant buildings. Interested parties can reach out to Neer Sachar at [email protected] or via phone at (516) 776-3195 for potential transactions.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$50,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,375.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,503.48
Annual Debt Service$54,041.82
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