Updated Oct 29, 2024
HDGS Group Realty And J Wasser Acquire Multifamily Properties In Bronx For $10M
2263 Morris Avenue, Bronx, NY 10453
$10,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 19, 2017
About this deal
AI
The multifamily property located at 2263 Morris Avenue and 2342 Ryer Avenue in Bronx, New York was recently sold on December 20, 2017.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,000,000
- Address: 2263 Morris Avenue & 2342 Ryer Avenue
- City: New York
- Market: Bronx
The seller of the property was 2263 Morris Avenue Partners LLC and 2342 Ryer Avenue Partners LLC, while the buyer was HDGS Group Realty and J Wasser and Company.
Aaron Jungreis from Rosewood Realty Group served as the broker for this transaction.
It is worth noting that 80% of the financing for the purchase was provided by Fannie Mae through Arbor, with Skyline Capital Group acting as the mortgage broker and Sol Dayan representing them.
On the Map
$10,000,000
MultiFamily
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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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93