Baker Capital Group Acquires Multifamily Property In Fordham, Bronx For $640K
SOLD
$640,000
New York
See Similar DealsMultiFamily2,506 SF
Sold 08/18/2020
SOLD
Baker Capital Group Acquires Multifamily Property In Fordham, Bronx For $640K
2312 Hughes Ave, The Bronx, NY 10458, USA
See Similar DealsMultiFamily2,506 SF
Sold 08/18/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$255
Total Square Footage:2,506 SF
Transaction Type:Sale
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
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$34,133.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,273.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,033.93
Annual Debt Service$36,407.12
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