Jacob Kempler David Blau JK Management Purchase Multifamily Asset For $8.45M In Bronx
2285 Sedgwick Avenue
$8,450,000
$145/SF
Building Size
58,212 SF
Asset Type
MultiFamily
Closing
Feb 9, 2017
AI
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
Bronx 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
1.88%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93