Sunrise Equities Purchases Multifamily Property From Robert Colon In Bronx For $950,000
2153 Belmont Avenue
$950,000
$333/SF
Building Size
2,850 SF
Asset Type
MultiFamily
Closing
Jun 30, 2025
AI
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
Bronx MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
16.70%
Cash-on-Cash
-4.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93