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2155 Belmont Avenue

Neer Sachar Acquires Multifamily Property In Belmont, The Bronx For $700,000
SOLDMultiFamily

Neer Sachar Acquires Multifamily Property In Belmont, The Bronx For $700,000

$700,000

$237/SF

Building Size

2,952 SF

Asset Type

MultiFamily

Closing

Oct 2, 2023

AI

A multifamily property in Belmont, The Bronx has been sold for a total of $700,000. The property spans 2,952 square feet, resulting in a price per square foot of $237. The transaction took place on 10/02/2023.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $700,000
  • Square Footage: 2,952
  • Price per Square Foot: $237
  • Market: Belmont, The Bronx

The buyer of the property is Neer Sachar, who can be reached at (516)776-3195 or via email at [email protected]. The seller is Anna Quinones. Neer Sachar represents Sunrise Equities in this deal.

Players

Neer Sachar

Sunrise Equities

Buyer

$18.1M

vol

13 deals

Buyer

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

22.66%

Cash-on-Cash

-6.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93