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
New York 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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93