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.
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