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Jacob Kempler David Blau JK Management Purchase Multifamily Asset For $8.45M In Bronx

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SOLD
$8,450,000

New York

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MultiFamily58,212 SF
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Jacob Kempler David Blau JK Management Purchase Multifamily Asset For $8.45M In Bronx

2285 Sedgwick Avenue

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MultiFamily58,212 SF
Sold
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$145
Total Square Footage:58212 SF
Transaction Type:Sale

The property asset involved in this transaction is a MultiFamily building located at 2285 Sedgwick Avenue in the Bronx. The transaction price was $8,450,000.00 for a total square footage of 58,212.0.

Summary of transation details:

  • Property Type: MultiFamily
  • Transaction Amount: $8,450,000.00
  • Address: 2285 Sedgwick Avenue
  • Market: Bronx
  • Square Footage: 58,212.0
  • Buyer: Jacob Kempler/David Blau/JK Management
  • Seller: Jeff Mehl
  • Broker: Josh Orlander - GFI Realty Services

The deal involved Jacob Kempler, David Blau, and JK Management as the buyers acquiring the property from seller Jeff Mehl, with Josh Orlander representing GFI Realty Services as the broker for this transaction.

Players

Josh Orlander
10 deals$98.9M volume
BROKER

Details

SOLD
IMAGE: 02/09/2017 ADDRESS: 2285 Sedgwick Avenue MARKET: Bronx ASSET TYPE: MultiFamily BROKERS: Josh Orlander(GFI Realty Services) BUYER: Jacob Kempler/David Blau/JK Management SELLER: Jeff Mehl PRICE: $8,450,000.00 SF: 58212.0

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$450,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$30,021.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,057.31
Annual Debt Service$480,687.73