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2285 Sedgwick Avenue

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

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

Josh Orlander

GFI Realty Services

Broker

$98.9M

vol

10 deals

Broker

Jacob Kempler/David Blau/JK Management

Buyer
Buyer

Jeff Mehl

Seller
Seller

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