Updated Oct 29, 2024
Baker Capital Group Acquires Multifamily Property In Fordham, Bronx For $640K
2312 Hughes Ave, The Bronx, NY 10458, USA
$640,000
$255/SF
Building Size
2,506 SF
Asset Type
MultiFamily
Closing
Aug 17, 2020
About this deal
AI
The multifamily property located at 2312 Hughes Avenue in the Fordham market of Bronx has been sold. The property consists of 3 units, with a price per unit (PPU) of $213,333. The total sale price for the property is $640,000. The buyer of the property is Baker Capital Group. However, the seller's identity is not mentioned in the provided information.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $640,000
- Address: 2312 Hughes Avenue
- Market: Fordham, Bronx
- Units: 3
- PPU: $213,333
Baker Capital Group, an active player in the Bronx and Westchester multifamily market, has acquired the property. They are actively seeking new acquisitions in the area. For more information, interested parties can directly contact Baker Capital Group.
Players
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
24.79%
Cash-on-Cash
-7.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93