Neer Sachar Acquires Multifamily Property In Belmont, The Bronx For $700,000
SOLD
$700,000
New York
See Similar DealsMultiFamily2,952 SF
Sold 10/02/2023
SOLD
Neer Sachar Acquires Multifamily Property In Belmont, The Bronx For $700,000
MultiFamily2,952 SF
Sold 10/02/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$237
Total Square Footage:2,952 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$37,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,486.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,318.36
Annual Debt Service$39,820.29
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