Sean Malki Acquires Multifamily Asset At 2343 Valentine Avenue Bronx For $2.1M With Joshua Pomerantz As The Broker
2343 Valentine Avenue
$2,100,000
$88/SF
Building Size
23,771 SF
Asset Type
MultiFamily
Closing
Jul 9, 2024
AI
The property involved in this transaction is a multifamily asset located at 2343 Valentine Avenue in the Bronx. It was sold for $2,100,000, with a total of 30 units available. The property encompasses a total square footage of 23,771, resulting in a price per unit of $70,000 and a price per square foot of $88.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,100,000
- Units: 30
- Square Footage: 23,771
- Price Per Unit: $70,000
- Price Per Square Foot: $88
- Buyer: Sean Malki
- Seller: Silvio Guerrero
- Broker: Joshua Pomerantz - SP Capital Group
- Date of Transaction: 07/09/2024
Joshua Pomerantz represented the transaction on behalf of the seller, Silvio Guerrero, and expressed appreciation to @siminoulaw for their assistance with this deal.
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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93