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2238 Valentine Avenue, Bron...

The Dushi Family Acquires Multifamily Property In Fordham, Bronx For $2.2M
SOLDMultiFamily

The Dushi Family Acquires Multifamily Property In Fordham, Bronx For $2.2M

2238 Valentine Avenue, Bronx, NY 10457, USA

$2,200,000

$196/SF

Building Size

11,195 SF

Asset Type

MultiFamily

Closing

Jun 26, 2020

AI

The multifamily property located at 2238 Valentine Ave. in Fordham, Bronx was recently sold for a price of $2,200,000. The property consists of 16 units and has a total square footage of 11,195. The price per unit was $137,500, and the price per square foot was $196. The property was previously sold in December 2015 for a price of $1,935,500.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,200,000
  • Address: 2238 Valentine Ave.
  • Market: Fordham, Bronx
  • Asset Type: Multifamily
  • Zoning: R7-1

The buyer of the property was the Dushi Family, while the seller was Bogdan Wiszniewski. The transaction was facilitated by brokers Roni Soleimani, Jess Pham, and Josh Pomerantz. It is worth noting that this off-market property was negotiated and sold to a 1031-exchange Buyer, who completed the purchase in less than 45 days.

If you are interested in buying or selling similar properties, you can contact Roni Soleimani at [email protected] or (212) 235-2764, and Jess Pham at [email protected] or (347) 971-3643.

Players

Joshua Pomerantz

SP Capital Group

Broker

$142.6M

vol

31 deals

Broker

Bogdan Wiszniewski

Seller

$3.4M

vol

2 deals

Seller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.21%

Cash-on-Cash

-2.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93